Greece unlikely to end bailout without new help says senior EU official

According to what a senior official of the European Union stated on 3 November 2014, it was 'highly unlikely' that Greece would end its Eurozone bailout programme without some new sort of assistance that required it to meet targets.

The Eurozone and IMF bailout support of €240 billion began in May 2010. Greece had been in negotiations with EU institutions and the International Monetary Fund ahead of the expiry of its bailout package with the European Union on 31 December 2014. While the Greek government was keen in finishing its programme as soon as EU funding stopped, EU authorities desired some further surveillance beyond the end of the bailout programme.

The EU official said he expected eurozone ministers and Greece to decide on how best to help Athens at a meeting of finance ministers in Brussels on 8 December 2014.

Cyprus Mail, 03.11.14: Greece unlikely to end bailout without new help -senior EU official http://cyprus-mail.com/2014/11/03/greece-unlikely-to-end-bailout-without-new-help-senior-eu-official/

Kathimerini, 03.11.14: Clean bailout exit for Greece 'highly unlikely,' says EU official http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_03/11/2014_544247

ESO: Background information: Statement by Vice-President Katainen on Greece http://www.europeansources.info/record/statement-by-vice-president-katainen-on-greece/

Kathimerini, 04.11.14: December 8 Eurogroup seen as decisive for Greek bailout exit http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_04/11/2014_544306

Deutsche Welle, 03.11.14: Another aid package for Greece likely http://dw.de/p/1DgGy

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