" Great No More Bailouts/About time "

Germany 'Would Refuse A Third Greek Aid Plan'
As the German Chancellor faces pressure to avoid another bailout, a newspaper reports a further aid programme will not be granted.


Thursday 11 June 2015
Angela Merkel At EU Summit
The German Chancellor faces growing opposition to further Greek bailouts


Germany would refuse a further aid programme for Greece even if agreement was reached between Athens and its international lenders on a cash-for-reforms deal, it is reported.

German newspaper Bild said that instead of a third aid programme, the current second aid programme could be extended and broadened with funds from other programmes such as the €10.9bn (£7.9bn) originally set aside to rescue Greek banks that was not needed.

However, this could only happen if Athens was willing to implement substantial reforms, the report said.

"We don't want to make our people bleed just because the ones in charge in Greece are not doing their job," the German daily quoted a member of the government as saying.

German Chancellor Angela Merkel is facing growing opposition within her own party over the granting of any further bailouts to Greece.


Athens' refusal to accept further economic reforms is turning a growing minority of Ms Merkel's own colleagues against the prospect of unlocking a final tranche of Greece's second bailout. They are also fervently opposed to agreeing to a third aid programme.

Greece's EU and IMF lenders have asked Athens to commit to a sell-off of state assets, enforced pension cuts and continued labour reforms.

According to a recent report by Reuters, two sources close to the negotiations said these demands would cross the Greek government's "red lines".

If Greece were to accept the plan, lenders would aim to unlock €10.9bn (£7.9bn) in unused bank bailout funds that were returned to the European Financial Stability Fund.

This would enable Greece to cover its financial needs through July and August, the sources said.

The Germans are going nuts about bailing other countries out as well as the Italians going nuts with all these boat people landing on their shores (52,000 this year alone in Italy!!). If they aren't careful Liga Nord and the German right wing will become stronger by the day

The Germans are going nuts about bailing other countries out as well as the Italians going nuts with all these boat people landing on their shores (52,000 this year alone in Italy!!). If they aren't careful Liga Nord and the German right wing will become stronger by the day

Adam and so they should do,its their hard earned tax money.

The Germans are going nuts about bailing other countries out as well as the Italians going nuts with all these boat people landing on their shores (52,000 this year alone in Italy!!). If they aren't careful Liga Nord and the German right wing will become stronger by the day

Adam and so they should do,its their hard earned tax money.

Here, here!!! Using the normal methods of qualifying with the economy of a country then Greece wouldn't have been allowed to enter the EU. However if I was Markel then I wouldn't have done the borrowing, I would have brought their oil fields, olive fields, airlines all on he cheap instead

The Germans are going nuts about bailing other countries out as well as the Italians going nuts with all these boat people landing on their shores (52,000 this year alone in Italy!!). If they aren't careful Liga Nord and the German right wing will become stronger by the day

Adam and so they should do,its their hard earned tax money.

Yes it is but it was earned of the back countries like Greece and they were falling over backwards giving Greece credit before the crunch came.If the Greeks renege it will be catastrophic for the Germans.We lent money to the Irish government for the same reason,because If the Irish had gone bust they would have taken us down with them.

And Brownie the Italians are pushing all these migrants onto europe anyway so its not as big a deal for them as you think.Most of them want to go on to us.