BERLIN Nov 30 German Finance Minister Wolfgang
Schaeuble said on Friday that speculation about a write-down of
Greek debt held by official creditors undermined the country's
efforts to set its public finances in order.
Addressing the German lower house of parliament ahead of a
vote on a new bailout package for Greece, he praised Athens'
reform efforts and said failure to provide further aid would
lead to bankruptcy and the possible break-up of the euro zone.
"If we say the debts will be written off (Greece's)
willingness to make savings is correspondingly weakened,"
Schaeuble told the Bundestag. "Such false speculation do not
solve the problems."
"A Greek bankruptcy could lead to the break-up of the euro
zone," he added.