EU’s Rehn does not rule out a third Greek bailout

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As the debate on whether Greece will need a third bailout intensifies, EU economic affairs commissioner Olli Rehn declined on Wednesday to rule out the possibility.

Speaking to a Finnish newspaper, Rehn also said that other options, such as extending the repayment period on existing loans, are also on the table.

Rehn’s comments come after the German finance minister said on Tuesday that Greece will need a third bailout, only 5 weeks before the biggest EU economy holds elections.

The Troika is set to return to Athens in Autumn to review Greek progress on the implementation of the reforms agreed.
Greece has so far received two bailouts worth about 240 billion euros.

 

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