German Finance Minister Wolfgang Schaeuble said on Tuesday for the first time that Greece will need another bailout, triggering a storm of protest from opposition parties five weeks before an election in Europe's biggest economy….
"There will have to be another programme in Greece," Schaeuble said.
A Greek finance ministry official told Reuters a new bailout would involve sums far smaller than in previous rescues and would focus on plugging an expected funding shortfall over 2014-2016.
German Finance Minister Came Up With Something Nice To Say About Greece
"Not an entirely hopeless case" is pretty nice, no?
IMF Meetings, Associated Interviews Really Eating Into German FinMin’s Sudoku Time
Wolfgang explains it all.
Angela Merkel Let In A Million Refugees And Now Wolfgang Schäuble Can’t Yell At Greeks Anymore
Don’t worry: His replacement might be even yellier.