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Thursday, August 22, 2013

Greece May Require Third Bailout in 2014

Schauble did not specify what form the new aid should take, but ruled out a write-down on Greece’s public debt, which is now mainly bailout loans owed to other European governments.

Officials from the European Central Bank arrived in Athens on Wednesday for a check on whether Greece was meeting conditions for a scheduled tranche of aid in October, a visit that comes a day after German Finance Minister Wolfgang Schauble admitted that Greece will need a third bailout soon to stay afloat.

Officials from the European Central Bank arrived in Athens on Wednesday for a check on whether Greece was meeting conditions for a scheduled tranche of aid in October, a visit that comes a day after German Finance Minister Wolfgang Schauble admitted that Greece will need a third bailout soon to stay afloat. 

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READ THE ORIGINAL POST AT www.economywatch.com