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Eurogroup: Greece may need further aid

Last Updated: Thursday, September 5, 2013 - 22:35

Brussels: Eurogroup president Jeroen Dijsselbloem admitted Thursday Greece would need a third bailout, saying its problems could not be solved by 2014.

Answering questions in the European Parliament here, Dijsselbloem said it was clear Greece's situation would remain grim despite recent progress, reports Xinhua.

"In this context, the Eurogroup has indicated clearly that it is committed to providing support for Greece in the current programme and beyond until it regains market access," he said.

For the Eurozone, he said, "We have to deal with structural problems in our economies to ensure economic growth to rebound".

Dijsselbloem also answered questions on the banking union and a stress test.

Debate over new aid for Greece in 2014 has increased recently. German Finance Minister Wolfgang Schaeuble said last month Greece was not out of the woods and needed further aid.

First Published: Thursday, September 5, 2013 - 22:35
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