Greece can't return to markets this decade: Steinbrueck

BERLIN Wed Nov 21, 2012 6:12am EST

Peer Steinbrueck of the opposition Social Democratic Party (SPD) delivers a speech during a session of the lower house of parliament Bundestag in Berlin November 9, 2012. REUTERS/Tobias Schwarz

Peer Steinbrueck of the opposition Social Democratic Party (SPD) delivers a speech during a session of the lower house of parliament Bundestag in Berlin November 9, 2012.

Credit: Reuters/Tobias Schwarz

BERLIN (Reuters) - German Chancellor Angela Merkel's Social Democrat (SPD) election rival Peer Steinbrueck said on Wednesday Greece would not be able to return to capital markets this decade and that its financing gap could not be filled with piecemeal steps.

"It is obvious that Greece will not in this decade be able to return to the capital markets under viable conditions," Steinbrueck told parliament in a debate on the German budget.

He added that Merkel's government should delay a vote on the German budget until it was clear what was happening with Greece.

(Reporting by Noah Barkin, Madeline Chambers)

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