German Schaeuble - Euro Zone Better placed Now to Prevent Contagion from Its Greece Debt Crisis.

• German FinMin Schaeuble said that the euro zone is much better placed now to prevent contagion from its sovereign debt crisis.
• Leaders of Greece's two mainstream pro-bailout parties were due to make a final bid on the day to form a Govt following Sunday's failure.
• And if Greece fails again as expected than it faces a second election in June
• Schaeuble criticised political forces in Greece who suggested to their voters that there was a realistic alternative to the austerity programme.
• He added that the Greece citizen should not be blindfolded on the view that there isthere is another, simpler way Greece could recover

Quotes

  "We have learned much in the past two years (of the debt crisis) and have built defence mechanisms. The contagion dangers for other countries of the euro zone have shrunk, the euro zone has become more resilient," 

German Finance Minister Wolfgang Schaeuble