
Meanwhile, the SPD’s budgetary spokesperson Carsten Schneider cited Troika figures to claim that in addition to the €11bn that Greece needs up to 2015, it also needs further assistance up until 2020 to compensate for low economic growth and unrealised proceeds from privatisation of state assets, estimated to total around €77bn. However, German Finance Minister Wolfgang Schäuble accused the SPD of conflating the gross and net figures. The third Greek bailout is now expected to feature prominently in Sunday’s televised debate between Merkel and the SPD’s Chancellor candidate Peer Steinbrück. Open Europe Berlin director Michael Wohlgemuth is cited by The Local arguing that “The SPD have not got a solution either…People may even think that the SPD would be more willing to spend more money on Greece.” Michael also was cited by Spanish newspaper La Vanguardia.
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