May 17, 2011 / 6:49 AM / 9 years ago

Greece must do "homework" to stay in euro -Austria

BRUSSELS, May 17 (Reuters) - Greece must do its “homework” by fulfilling previous pledges if it wants to stay in the euro zone, Austrian finance minister Maria Fekter said on Tuesday.

“Before Greece does its homework, no money can flow,” Fekter said outside a meeting of finance ministers in Brussels.

“You can’t make promises and then not get privatisation on its way,” she added. “Greece is still remaining in the state we had in the seventies. It doesn’t work that way. If you’ve cheated your way into the euro, then you have to catch up on your homework now.”

She also said she was confident Portugal would soon be able to finance itself again and would need no further support.

Reporting by Annika Breidhart, editing by Pete Harrison

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