In his view granting Greece more time to implement spending cuts would not solve its problems, the Telegraph quotes him:
"More time is not a solution to the problems."Why draw such a line in the sand?
Schaeuble is no fool, he knows that with Greece it is never just a matter of "time" but also money. He knows that, at some stage, Greece will come back and ask for more money.
As I have already noted it is highly likely that Greece will ask for more money, given the Euro3.5BN black hole in Greece's finances.