Greece could need a third bailout when its current programme expires at the end of June, the EU’s eurozone commissioner has said.
Speaking on Monday in Riga (2 March) Commission Vice President Valdis Dombrovskis said that a third bailout could be needed when the current programme expires in June even if eurozone ministers agree to give Greece a credit line, because Athens would be unlikely to fund itself on the capital markets.
“Greece may need an additional arrangement after thi...
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Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.