German FinMin says debt relief for Greece would do it a disservice

November 16, 2016 8:00 AM EST

German Finance Minister Wolfgang Schaeuble arrives for the weekly cabinet meeting at the Chancellery in Berlin, Germany, November 9, 2016. REUTERS/Axel Schmidt


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BERLIN (Reuters) - Granting Greece debt relief would do it a disservice, German Finance Minister Wolfgang Schaeuble said late on Tuesday, daily newspaper Passauer Neue Presse reported.

"Whoever says 'we will relieve your debts' is doing Greece a disservice," the Passauer Neue Presse quoted Schaeuble as saying.

Euro zone finance ministers are due to discuss wide-ranging debt relief for Greece when they meet next month. U.S. President Barack Obama also offered solidarity with Greece over its debt on Tuesday.

(Writing by Paul Carrel; Editing by Madeline Chambers)



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