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The IMF has put Greece's funding gap for 2014-2015 at €10.9 billion (Photo: Valentina Pop)

ECB downplays third bailout for Greece

The European Central Bank (ECB) has downplayed talk of a third bailout for Greece and said no new decision will be taken before spring.

Greece's current bailout, to the tune of €130 billion, runs out in 2014, with German finance minister Wolfgang Schaeuble on Tuesday (20 August) having said a third package will be needed after this date.

But German ECB board member Joerg Asmussen, during a visit to Athens on Wednesday, said there was no talk about the subject in his meetings with ...

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The IMF has put Greece's funding gap for 2014-2015 at €10.9 billion (Photo: Valentina Pop)

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