German Foreign Minister: 'We need more than austerity'

Germany's Foreign Minister Guido Westerwelle tells me: "Please don't misunderstand the German Government, we know more is needed than austerity, austerity is one pillar".

Advertisement

Clegg's Greek pledge hopes

Nick Clegg has said he hopes Greece "chooses to stay in the eurozone and stick to agreements they signed up to." The German foreign minister has repeated his opposition to eurobonds to help struggling fellow member states.