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Wolfgang Schaeuble: third Greek package will be ‘much smaller’

Wolfgang Schaeuble has repeated his warning that Greece will need a third bail-out, but said that any fresh rescue would not involve a second debt writedown that could “destabilise” the whole of the eurozone.

by Szu Ping Chan, The Telegraph:

The German finance minister was unrepentant about the impact of his comments, which made waves earlier this week when he told a campaign event that Athens would need another rescue after 2014.

“I’m happy that the broad public is aware of what I’ve been saying for a long time, that we’ll have to look next year at further measures for Greece,” he told German newspaper Handelsblatt.

“I don’t want to be accused, after the election, of not having said the truth before the election.”

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