Last week Greece secured a deal with its foreign lenders that will unlock bailout loans and agreed on a road map that will help relieve its debt mountain.
 
Referring to the agreement of May 24 Eurogroup, he insisted that Greece is recovering faster than many have thought, probably suggesting IMF’s predictions.
 
Mr. Schaeuble said crises may cause unpopular economic decisions but, he expressed his certainty this is the way for a stable budget. However, he added Greece is a much tougher case that the rest of the countries who received a bailout.
 
He also reaffirmed that writing off Greek debt would create a “moral hazard” that could undermine confidence. Therefore, his latest evaluation of a faster recovery may also be related to his refusal to weight down the burden of Greek debt.