Euro ministers split on fresh Greek bailout

JEROEN Dijsselbloem, current president of the Eurogroup, added himself to the list of figures admitting that Greece will need another bailout programme when the existing one runs out in 2014.

The current head of the Eurozone’s finance ministers was quoted in his native Dutch media, saying: “The problems in Greece won’t be solved in 2014, something more will have to happen”.

But Maria Fekter, Austria’s finance minister, was less certain that any such agreement would be made, describing the issue as “not in discussion”.

On Tuesday, German finance minister Wolfgang Schauble conceded that Greece would need a new loan scheme, a contentious issue in Germany’s upcoming election. The IMF, which has extended emergency funds to Greece, has admitted that there are projected government funding gaps in 2015-16.