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German Finance Minister Wolfgang Schaeuble said there was "no alternative" to structural changes. ... Mr Schaeuble warned that things could become difficult if Greece took a "different path". "New elections change nothing about the agreements that the Greek government has entered into," the eurozone's most powerful finance minister added. "Any new government must stick to the contractual agreements of its predecessors."
...
Mr Schaeuble warned that things could become difficult if Greece took a "different path".
"New elections change nothing about the agreements that the Greek government has entered into," the eurozone's most powerful finance minister added. "Any new government must stick to the contractual agreements of its predecessors."
But look, not to beat a dead horse here. But many rules have been broken already. The ECB is not keeping its mandate and it is Germanys fault.
Incidentally, I used to be a fan of German legal positivism until I saw the practical consequences of legalism in the Euro crisis. A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
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