A member of Germany’s ruling party warned Monday his country would not hesitate to refuse further aid to Greece if it fails to meet the harsh austerity conditions of its existing bailout.
Michael Fuchs, a senior member of German Chancellor Angela Merkel’s Christian Democrats, said Greece must implement the economic reforms demanded by its creditors.
His comments came the same day as the Greek statistical authority said the country's economy contracted by 6.2 per cent in the second quarter from the same period last year.
Read more: German lawmaker sends Greece tough warning - Business - CBC News
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