Head of Eurogroup of finance ministers admits Greece will need more aid next year
Jeroen Dijsselbloem – the Dutch official who leads the Eurogroup of finance ministers – has become the latest senior figure to admit that Greece will need a third bailout next year.
Following remarks earlier this week by German finance minister Wolfgang Schauble and chancellor Angela Merkel, Dijsselbloem was quoted in the Het Financieele Dagblad newspaper as saying “the problems in Greece won't be solved in 2014, so something more will have to happen”.
He added that the size and form of assistance would depend on Greece continuing its fiscal reform programme.
The International Monetary Fund has estimated Greece will have a funding shortfall of €9bn (£7.7bn) by 2015, even with austerity policies.