NEWS

Greece may need third rescue loan, report says

Greece might need a third bailout package worth 50 billion euros in 2015, Der Spiegel reported Sunday.

The debt-wracked nation’s foreign creditors — the European Union and the International Monetary Fund — the German magazine said, have raised doubts over a preliminary report that Athens would be in a position to return to the international money markets in 2015.

A fresh rescue package would be needed by then, the magazine said, adding that it came under pressure from Berlin to edit out this part of the report.

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