A top official with Germany's national central bank says Greece must stick with the spending cuts and economic reforms demanded as part of its bailout loans.
Andreas Dombret, an executive board member at the Bundesbank, says in the text of a speech to be delivered June 12 in London that Greece needs to stick with its program "no ifs, ands or buts."
Greece holds elections June 10 amid widespread discontent about austerity, with leading politicians seeking a renegotiation of the bailout. Eurozone governments could face a choice between cutting Greece slack or cutting off aid, which would potentially cause Greece to leave the euro, with uncertain consequences for Europe.
The Bundesbank’s tough stance has widespread support in Germany, which shoulders the biggest share of paying for bailouts.
