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Greece ‘will need another bailout’

AFP-JIJI

German Finance Minister Wolfgang Schaeuble said Tuesday that crisis-hit Greece will need another rescue package after 2014, touching on a sensitive issue a month before elections in Europe’s biggest economy.

“There will have to be another program for Greece,” Schaeuble said at an election campaign event near the northern city of Hamburg, the Frankfurter Allgemeine Zeitung and other media reported.

He added that “the public was always told so,” but his comments were stronger than recent statements in which he only said a third aid package might be needed.

Schaeuble insisted that creditors would be not be forced to take more losses on their Greek holdings.