Greek bailout to be split into two parts?

Greece might receive its next bailout, of 130 billion euros, in two parts in an attempt to maintain the pressure on Greek politicians to carry through the reforms they are set to agree to on Wednesday.

The Financial Times Deutschland reported on Wednesday that German Finance Minister Wolfgang Schauble wants to split the package so the first part, consisting of 30 billion euros earmarked for Greek banks that participate in the private sector debt reduction deal, could be released within days.

But Schauble would delay presenting legislation to the German parliament for the remaining 100 billion euros, the newspaper said without citing its sources.

Delaying the approval would give Germany and other eurozone countries more time to secure additional austerity measures from Greece or even prepare for a Greek default, the paper said.

FTD added that Schaeuble had discussed the plan with the finance ministers of the Netherlands and Finland.