Ad
The IMF has put Greece's funding gap for 2014-2015 at €10.9 billion (Photo: Valentina Pop)

ECB downplays third bailout for Greece

The European Central Bank (ECB) has downplayed talk of a third bailout for Greece and said no new decision will be taken before spring.

Greece's current bailout, to the tune of €130 billion, runs out in 2014, with German finance minister Wolfgang Schaeuble on Tuesday (20 August) having said a third package will be needed after this date.

But German ECB board member Joerg Asmussen, during a visit to Athens on Wednesday, said there was no talk about the subject in his meetings with ...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
The IMF has put Greece's funding gap for 2014-2015 at €10.9 billion (Photo: Valentina Pop)

Tags

Ad

Related articles

Ad
Ad