Wall Street Journal
September 23, 2011
Greece's creditors may need to revise the terms of the July 21 agreement on an additional aid package for the country, German Finance Minister Wolfgang Schäuble said Friday.
"It would surprise me if the conditions for a disbursement of the next tranche of aid in September had changed, but not if the conditions for an additional program had changed," Mr. Schäuble said at a press briefing on the sidelines of a series of international meetings.
"However," he added, "I want to wait and see first."
He noted that representatives of the so-called troika—the European Union, European Central Bank and International Monetary Fund—are expected to return to Athens in the near future for further monitoring of Greece's compliance with its bailout deal.
Mr. Schäuble's comments come amid increasing speculation that Greece may need to default and seek much bigger debt relief than that foreseen in July, owing its repeated failures to meet its targets for deficit reduction and economic growth.
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