Greece will need ‘something more’ in 2014, admits Dijsselbloem

A senior eurozone official has acknowledged that Greece will need more financial assistance in 2014, a Dutch newspaper reports.

Jeroen Dijsselbloem, the Dutchman who leads the Eurogroup meetings of eurozone finance ministers, was questioned about similar remarks by German Finance Minister Wolfgang Schaeuble this week. Dijsselbloem was quoted by Het Financieele Dagblad Thursday as saying «the problems in Greece won’t be solved in 2014, so something more will have to happen.”

That Greece’s finances remain strained is an open secret. The IMF estimates it will have a 9 billion-euro ($12 billion) funding shortfall by 2015. But many European politicians have avoided discussing a politically unpopular new bailout. Germany holds elections next month.

Dijsselbloem said the form and size of any assistance will depend on Greece’s adherence to economic reforms.