Report: Bundesbank sees new Greece bailout in 2014August 11, 2013 @ 4:18 am
BERLIN (AP) - German news weekly Der Spiegel reports that the country's central bank believes international creditors will have to agree a new bailout for Greece by early next year.
The move would come months after Germany's Sept. 22 general election. Chancellor Angela Merkel's conservative government has been at pains to appear firm on Greece's international bailout, which is unpopular with many Germans.
Der Spiegel reports Sunday that the Bundesbank told Germany's Finance Ministry and the International Monetary Fund that a recent 5.7 billion euros ($7.62 billion) payment to Greece was approved "due to political constraints."
The central bank reportedly also described the risks of the current rescue program for Athens as "unusually high" and the performance of the Greek government as "hardly satisfying."
A Bundesbank spokeswoman declined to comment on the report.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Buddy's new owner says she fears for her life, but won't return the dog
PETA Targets Needle
After seeing overweight people in the elevator, PETA wants the Space Needle to 'go vegan'
An African elephant was euthanized at the Woodland Park Zoo Friday after falling ill
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.