Thursday August 21, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Schaeuble says third Greek bailout likely to be less than 10 bln euros

German Finance Minister Wolfgang Schaeuble reckons a third bailout for Greece would be less than 10 billion euros, significantly smaller than each of the previous aid packages, German magazine Focus reported.

Greece was cut off from markets in 2010 as the true scale of its debt burden became apparent. After four years of painful measures to contain debt, two bailouts totaling 240 billion euros and a hit on private bondholders, the Greek economy is expected to return to modest growth this year.

"In 2022, according to the troika's forecasts, Greece's debt will reach a level that can be described as sustainable so it may be that Greece will need to make use of limited aid again," the magazine quotes Schaeuble as saying in an advance extract of an interview due to be published on Monday.

He said the granting of a third aid package was conditional on Greece continuing to meet the terms set by its "troika" of international lenders - the International Monetary Fund, the European Commission and the European Central Bank.

Such a package would be a "much smaller sum than in the first two programs - so more like a one-digit billion amount," he said.

In February, German media reported that Berlin was preparing for the possibility that the eurozone would have to support Greece with an extra 10 billion to 20 billion euros. [Reuters]

ekathimerini.com , Sunday June 1, 2014 (16:45)  
Report: Greek banks sturdily positioned
Economy stunted by property tax demands, report says
Primary surplus exceeds January-July target figure
Ryanair in Cyprus Airways talks
KEELPNO blames stomach bug for sick tourists on Rhodes
The Center for Disease Control and Prevention (KEELPNO) on Thursday contradicted foreign press reports according to which hundreds of tourists suffered food poisoning at a hotel on Rhodes ea...
KEPs to issue new and replacement driving licenses
Greeks and foreigners living in Greece will no longer have to queue up at the Transport Ministry to get new or replacement driving licenses as the government decided yesterday that Citizen S...
Inside News
SOCCER
Greek soccer officials in refereeing probe to face prosecutor on Sept 15
Eleven soccer officials were on Wednesday given until September 15 before they have to face prosecutor Aristidis Koreas, who is investigating allegations that the draws to decide which match...
ATHLETICS
Long jumper Tsatoumas takes Greeces second silver at European Championships
Greece won its second medal at the European Athletics Championships in Zurich, Switzerland, on Sunday with Louis Tsatoumas coming second in the long jump. Briton Greg Rutherford won the even...
Inside Sports
COMMENTARY
Self-destructing political system
It finally seemed as if we had found some peace of mind. The vast majority of Greek MPs chose to abstain from festivities on August 15, also known as Assumption Day, thus sparing us from the...
EDITORIAL
Welcome movement
Many have spoken about the need to spur economic growth in this debt-wracked country, but very few officials seem to actually be doing anything meaningful to make this happen. Recent weeks h...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. KEELPNO blames stomach bug for sick tourists on Rhodes
2. Report: Greek banks sturdily positioned
3. Economy stunted by property tax demands, report says
4. Primary surplus exceeds January-July target figure
5. KEPs to issue new and replacement driving licenses
6. EU funds reserved for waste facilities in northern Greece
more news
Today
This Week
1. Merkel cites euros construction flaws as economy sputters
2. Brussels warns Greece over plans to allow construction near Korinos beach
3. Second man held over double murder in Mani
4. Avramopoulos in US for talks with Hagel on possible Greek role in peace missions
5. Eurozone business growth slows in July, prices fall: PMI
6. Inspectors visit Rhodes to probe reports of mass food poisoning of hotel guests
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Treating Amphipolis with care
3. Canadas fiscal adjustment has lessons for Greece
4. Greece to offer law on restructuring bad loans next month
5. Greeces recession eases as country nears end to six-year slump
6. Ministry sys no to debt collection agencies
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.