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Greece Predicted to Seek Additional Rescue Package

Written: 2012-06-14 14:23:36Updated: 2012-06-14 17:57:36

Greece Predicted to Seek Additional Rescue Package

A German weekly magazine, Die Zeit, says Greece will likely seek a third bailout after its second parliamentary election on Sunday.

Based on statements by the German government and financial officials, the magazine predicted that Greece will demand an additional rescue package this summer even if it does not ditch the conditions attached by the EU and IMF to previous bailout funds.

The German magazine also predicted that the Greek government will promise to continue its economic reform drive as a precondition for the third bailout.

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