Wednesday, August 21, 2013

ECB in Athens as third-bailout talk heats up


The European Central Bank was checking up on how well Greece is meeting its international bailout obligations on Wednesday, a day after Germany's finance minister said a third aid program would be needed to keep Athens afloat.
Joerg Asmussen, a member of the ECB's executive board, was to meet Greece' prime minister, finance minister and central bank governor, and to have talks with Greek business leaders.
His immediate concern is with the next tranche of aid from Greece's second international bailout, due in October.
But his visit was announced the same day that German Finance Minister Wolfgang Schaeuble told an election campaign audience that Greece will need a third bailout on top of rescue loans worth about 240 billion euros already obtained for 2010-2014.

http://www.reuters.com/article/2013/08/21/us-greece-bailout-idUSBRE97K0A820130821

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