Advertisement

Fears over Greece haunt a recovering euro zone

In a reminder the region is still not out of the woods, Dutch finance minister adds his voice to the belief Athens will need a third bailout

Reading Time:2 minutes
Why you can trust SCMP
A sign at the central bank of Greece is covered in graffiti that says "Bank of Berlin", reflecting the anger over tough austerity measures. Photo: Bloomberg

Dutch Finance Minister Jeroen Dijsselbloem has become the latest politician to concede Greece may need a third bailout, casting a shadow over news that euro-zone companies are reporting their best growth for more than two years.

"The problems in Greece won't be solved in 2014, so something more will have to happen," said Dijsselbloem, who heads the Eurogroup of finance ministers.

Advertisement

He said the form and scale of another rescue would depend on Greece's progress with economic reforms.

His admission echoed that of German Finance Minister Wolfgang Schauble, who told an election campaign event earlier this week that the bailed-out country still needed more aid.

Advertisement
Advertisement
Select Voice
Choose your listening speed
Get through articles 2x faster
1.25x
250 WPM
Slow
Average
Fast
1.25x