Skip to main content
Updated:
Original:

The Euro Gets Some Good News

Author:

Much needed, because this is less good (if not entirely surprising):

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 minister's Greek aid comments spark pre-election backlash [Reuters]
Euro Gains After Bundesbank Comments [WSJ]

Related

Greek Deal Could Be Imminent, Or Not

Germany and France are going to agree to disagree on this one.

German Finance Minister Came Up With Something Nice To Say About Greece

"Not an entirely hopeless case" is pretty nice, no?

eurofire

Greece Has Some Good News And Some Bad News

Guess which one its prime minister is focused on.

The Euro Is Back, Baby!...Barely!

€720 billion well spent.