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German Lawmaker Demands All Payments To Greece Be "Immediately Stopped"

Following the reported withdrawal of what Greece deemed as an acceptable draft document to move forward - replaced by an "absurd, unacceptable" draft by EU President Dijsselbloem - it appears the Germans are none too happy. A senior lawmaker from Angela Merkel's Christian Union bloc has demanded that following this 'rejection' of the Eurogroup's plan, all payments to Greece should be immediately stopped.

As Bloomberg reports,

Hans Michelbach, a senior lawmaker from Chancellor Angela Merkel’s Christian Union bloc in parliament, says in e-mailed statement that EU needs to react to Greece’s rejection of euro area’s proposal.

  • Payments must be immediately stopped and money kept as collateral to secure Greek debt payments
  • Talks’ breakdown forces ECB to halt any aid
  • Athens let last deadline lapse, national parliaments now won’t have enough time to approve any solution found at later stage

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The rift is clearly deepening on both sides...