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Germany: Greece could not deal with requirements of globalised economy - Schauble01:22

Germany: Greece could not deal with requirements of globalised economy - Schauble

Germany, Berlin
August 30, 2015 at 03:09 GMT +00:00 · Published

German Finance Minister Wolfgang Schauble slammed Greece in Berlin, Sunday, accusing the country's society of being incapable of dealing with the requirements of a globalised economy.

"The problem with Greece is that they have a society which had been protected by the European unification for a long time from grappling with the reality of the requirements of a globalised economy," Schauble stated, adding that "the advantages were appreciated, the drawbacks were not seen clearly."

Speaking at a panel discussion, Schauble also critisised Greece's attitude towards reforms by contrasting it with the situation in the Baltic states.

The minister's statements were heard by a large audience as Germany's government was holding an open day at its ministries and institutions on Sunday.

Germany: Greece could not deal with requirements of globalised economy - Schauble01:22
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German Finance Minister Wolfgang Schauble slammed Greece in Berlin, Sunday, accusing the country's society of being incapable of dealing with the requirements of a globalised economy.

"The problem with Greece is that they have a society which had been protected by the European unification for a long time from grappling with the reality of the requirements of a globalised economy," Schauble stated, adding that "the advantages were appreciated, the drawbacks were not seen clearly."

Speaking at a panel discussion, Schauble also critisised Greece's attitude towards reforms by contrasting it with the situation in the Baltic states.

The minister's statements were heard by a large audience as Germany's government was holding an open day at its ministries and institutions on Sunday.

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