Germany Expects Greece to Uphold Bailout Terms

The German government expects Greece to uphold the terms of its international bailout agreement, a spokesman for Chancellor Angela Merkel has said.

But spokesman Georg Streiter declined to comment on reports that Berlin is now content that the eurozone could withstand Greece’s exit from the bloc.

Greece is holding a general election later this month, and anti-austerity party Syriza is ahead in the polls.

Syriza wants to renegotiate the terms of its international bailout.

Under those terms, the so-called troika – EU, International Monetary Fund and European Central Bank – supported Greece with the promise of €240bn (188bn) in return for budget cuts and economic reforms.

“Greece has fulfilled its obligations in the past. The German government assumes it will continue to fulfil its contractual obligations to the troika,” Mr Streiter told reporters.

“Every new government has to abide by the contractual obligations of the previous government.”

via BBC