World Economy
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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.

Financialtribune.com