Schäuble’s vote of confidence to Greece

One day after meeting with his Greek counterpart, German Finance Minister Wolfgang Schäuble stated he is sure that Greece will remain in the Eurozone.

In his statements on German radio station Inforadio however, Schäuble ruled out a third support program for Greece.

In particular, when asked whether the Eurozone will continue in its current form, which includes Greece, Schäuble said "of course" and condemned the "speculation" about an opposite scenario.

"Greece has to implement an ambitious reform program," he said, calling the Greek problem "unique".

Schäuble added that international efforts for the country have already been such that "we cannot create a new program for Greece."

He reiterated that the publishing of the Troika report will have to come first in order to release a new tranche from the bailout package.

"Next year, the euro will stabilize and nervousness in financial markets will drop," Schäuble assured, cautioning however that this will take some time.

"We have lost confidence. This happens very quickly. In contrast, it is much harder to regain it and requires more time," the minister added, even more so since Europe is "complicated and multifaceted."

He reminded that "we cannot simply make decisions" because we have to take into account the statutes of the 17 member states.