Germany warns Greece over reforms as radical left rises

Main opposition leftist Syriza party leader, Alexis Tsipras, attends the second round of a three-stage presidential election at the Greek parliament in Athens, on December 23, 2014Germany’s finance minister warned Greece that any new government must respect commitments made by its predecessor, as the country moved closer to early elections that EU officials fear would be won by a radical leftist party. Wolfgang Schaeuble spoke after German lawmakers last week backed plans to give troubled Greece a two-month loan extension while international creditors finish an audit to determine the release of its next 7.0 billion euros ($8.7 billion). “We will continue to help Greece along the path of difficult reforms,” Schaeuble said in an interview with Germany’s Bild newspaper published Saturday. European Union and International Monetary Fund officials fear an early election would be won by radical leftist party Syriza and could undo many of Greece’s ongoing fiscal reforms.

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