Scholz: Greece is part of the 'success story' but needs to remain cautious

Greece is a "success story" since it has managed to regain access to the markets but needs to be aware of the problems and remain "cautious", German Finance Minister Olaf Scholz said in a doorstep statement as he arrived for a Eurogroup meeting on Thursday.

 

Asked to comment on the measures recently announced by the government in Athens, Scholz noted that Greece was part of the more general Eurozone "success story", since all the countries that had problems financing themselves from the markets were able to return to normal borrowing from the markets.

 

However, he added, "anyone knows that you have to be aware of the problems of refinancing your activities and I think anyone will be cautious enough in the end."