Schaeuble: Greece has ‘no alternative’ to austerity

German Finance Minister Wolfgang Schaeuble urged on the 14 January 2013 Greek opposition leader Alexis Tsipras to drop his opposition to bailout-linked austerity measures, saying there is 'no alternative' if Greece wants to stay in the eurozone.

It was the first time the veteran minister and ally of Chancellor Angela Merkel received the young leftist leader, who has blamed Germany for the hardships which Greek people are enduring.

• Primary Source

ESO: Background information: IMF economists admit 'errors' on austerity policy http://www.europeansources.info/record/imf-economists-admit-errors-on-austerity-policy/

EUObserver, 13.01.2013: Greek opposition leader 'vindicated' by IMF http://euobserver.com/social/118708

Kathimerini, 14.01.13: Tsipras says 'life' has rejected austerity, Schaeuble insists there is 'no alternative' http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_14/01/2013_478343

ESO: Background information: Merkel prepared to consider Greek losses http://www.europeansources.info/record/merkel-prepared-to-consider-greek-losses/

ESO: Background information: Germans write off Greece, says poll http://www.europeansources.info/record/germans-write-off-greece-says-poll/

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