'Premature' to talk about third Greek bailout: ECB chief

23rd September 2013, Comments 0 comments

It is too early to discuss any additional bailout programme for Greece, European Central Bank president Mario Draghi said on Monday.

"It's premature... it's too early to already discuss now a follow-up programme or an extension to the previous one," which runs until the end of 2014, Draghi told a hearing of the European Parliament's committee for economic and monetary affairs in Brussels.

The hearing was broadcast live on the parliament's website.

Since the beginning of the debt crisis in 2010, Greece has struck two bailout deals with the troika, worth a total of 240 billion euros ($324 billion), that allowed the sinking economy to remain in the eurozone.

Further help is dependent on Greece meeting specific targets.

Greece, despite savage austerity measures to stabilise its public finances, appears to be still short of some 10 billion euros to balance its books by end 2015.


© 2013 AFP

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