Greece will not get any more cash from Europe until it takes steps to settle its arrears with the International Monetary Fund and presents a credible package of reforms, according to a senior German politician.
Michael Fuchs, a close ally of German Chancellor Angela Merkel and deputy chairman of the ruling CDU/CSU coalition, rejected Greece’s latest bail-out plea and said Germany would not “pour money” into a country that refused to change.
Mr Fuchs said the tone of negotations had been soured by the Greek government’s shock call for a referendum on creditor demands for a deal, branding it a “stupid” idea that had strained relations between the parties.
He said Syriza’s decision to campaign for “No” was “crazy” and showed the party was not “pro-Europe”.
He said its decision meant Athens was now cut off from the European Financial Stability Facility (EFSF), Europe’s rescue fund. He said it was crucial that the IMF played a role in any further rescue package.
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