German FinMin says debt relief for Greece would do it a disservice

[November 16, 2016]  BERLIN (Reuters) - Granting Greece debt relief would do it a disservice, German Finance Minister Wolfgang Schaeuble said late on Tuesday, daily newspaper Passauer Neue Presse reported.

German Finance Minister Wolfgang Schaeuble arrives for the weekly cabinet meeting at the Chancellery in Berlin, Germany, November 9, 2016. REUTERS/Axel Schmidt

"Whoever says 'we will relieve your debts' is doing Greece a disservice," the Passauer Neue Presse quoted Schaeuble as saying.

Euro zone finance ministers are due to discuss wide-ranging debt relief for Greece when they meet next month. U.S. President Barack Obama also offered solidarity with Greece over its debt on Tuesday.

(Writing by Paul Carrel; Editing by Madeline Chambers)

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