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Currency Analyst since 2010

Greece: a new aid package coming?

By Mark Jensen

Some of us have already forgotten about Greece and its financial problems. Yet, they may resurface again.

Yesterday the Eurogroup’s head Jeroen Dijsselbloem said that it’s possible that Greece will need more aid.

On Sunday the famous Der Spiegel weekly reported that German finance ministry is preparing the ground for a third aid package for Greece before European elections in May. According to the newspaper, the package could amount to 10-20 billion euro. In return the troubled nation will have to undertake more austerity measures and economic reforms.

There was a talk that a new debt write-off was planned for Greece, but a spokesman for the finance ministry denied that assumption.

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