World Economy

No Third Bailout

No Third BailoutNo Third Bailout

Greece has already received two bailouts totaling 240b euros but fellow eurozone member Ireland said last week that it would have to negotiate a third program, World Bulletin reported. Greek Prime Minister Alexis Tsipras denied that his country would have to seek a third international bailout when a four month extension to its current program expires. Tsipras also said the government had requested a reduction in the country’s debt, even though EU/IMF creditors insist Greece must meet its obligations in full. “Some have bet on a third bailout, on the possibility of a third bailout in June. I’m very sorry but once again we will disappoint them,” he said.