Germany and France warned Greece not to expect taxpayers in other countries to pick up the tab for its policy decisions, adding to a sense of looming confrontation between the new hardline government in Athens and its international creditors that roiled markets.
Berlin and Paris both ruled out the kind of large-scale debt forgiveness sought by the Syriza-led government. Sigmar Gabriel, Germany’s economy minister, said that if Athens wanted to change the terms of its €240bn bailout, it would have to find the money itself.
“If Greece wants to deviate from some of these measures, it must bear the cost itself rather than exporting this to other European countries via a debt cut or other such ideas,” Mr Gabriel said.
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