Greece Needs a New Bailout

Article reports that the troika of the European Commission, European Central Bank and IMF had prepared a sobering report on Greece's efforts to combat a debt crisis to be published in mid-June 2011. The document, which had been obtained by German media sources in an outline draft form, concluded that Greece would not be able to return to capital markets in 2012 and a further massive bailout would be needed soon.

• Primary Source

ESO: Background information: Lenders close to new rescue deal for Greece http://www.europeansources.info/record/lenders-close-to-new-rescue-deal-for-greece/

ESO: Background information: Germany fears 'full-blown bankruptcy inside the eurozone' http://www.europeansources.info/record/germany-fears-full-blown-bankruptcy-inside-the-eurozone/

EUObserver, 9.6.11: Commission says troika report leak only 'outline' of full assessment http://euobserver.com/9/32467

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