"I'm happy for Greece, if that's the case," Schäuble said on Saturday in Washington, referring to a proposed deal to build a pipeline to pump Russian gas via Turkey and Greece to Europe.
At the meeting of the International Monetary Fund on Saturday, Schäuble said he saw international support for the German position in the Greek debt crisis, Deutsche Welle reported.
The proposed pipeline has not been approved by the European Union.
Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday, which could bring up to five billion euros into Athens’ state coffers.
German magazine Der Spiegel, citing a senior figure in Greece’s ruling SYRIZA party, said the advance funds could “turn the page” for Athens, which is now struggling to reach a deal with its creditors to unlock new loans to avert bankruptcy.
- Yes, and Tsipras has already made the essential step forward47.9% (664)
- No, Greece will only incur anger from fellow EU members22.0% (306)
- I think Greece can hardly affect such a significant issue30.0% (417)
Greece’s coalition Cabinet of the left-wing SYRIZA party and the right-wing Independent Greeks is pushing for a write-off of the 324 billion euros the country owes its foreign creditors, which went to stabilize the nation’s sovereign debt and plug other financial holes.
In early December Russia said it was pulling out of the South Stream project to pump gas to the Balkans, Hungary, Austria and Italy under the Black Sea, deciding instead to lay a pipe to Turkey and build a gas hub on the Greek border for Russian gas buyers in southern Europe.