Regling Says Greece Widely Expected to Need New Bailout in 2014
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Greece will probably need a third rescue program next year and the euro area’s firewall fund will be able to move quickly when needed, European Stability Mechanism chief Klaus Regling said.
“It’s very likely that they will need more assistance,” Regling said today in Washington during an interview with Sara Eisen for Bloomberg Television. He said Greece is more likely to remain shut off from financial markets when its current bailout ends, unlike Ireland and Portugal, which have been in better shape and made more progress regaining investor confidence.