EU Commission: seeking unity in EU after Spain, Portugal clash with Greece / Greece could need third bailout, says euro commissioner

Series Title
Series Details 02.03.15
Publication Date 02/03/2015
Content Type

The European Commission (EC) said on 2 March 2015 it was mediating between Spain, Portugal and Greece after Madrid and Lisbon complained to the EC about accusations by Greek Prime Minister Alexis Tsipras that they were conspiring against Athens.

Mr Tspiras accused Spain and Portugal of leading a conservative conspiracy to topple his anti-austerity government because they feared the rise of the left in their own countries.

Spain's economy minister Luis de Guindos later revealed a new rescue plan was being prepared and would set more flexible conditions for Greece. European Commission Vice President Valdis Dombrovskis also said that a third bailout could be needed when the second programme expired in June 2015. However, a spokesperson for the Eurogroup president Jeroen Dijsselbloem quickly rejected the existence of any discussion on a third bailout.

Source Link http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_02/03/2015_547780
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EUObserver, 02.03.15: Greece needs 'new arrangement' on debt deal https://euobserver.com/economic/127830
The Guardian, 01.03.15: Alexis Tsipras comes under fire from Spanish prime minister http://www.theguardian.com/world/2015/mar/01/alexis-tsipras-comes-under-fire-from-spanish-prime-minister
EurActiv, 02.03.15: War of words rages between Athens and Madrid http://www.euractiv.com/sections/euro-finance/war-words-rages-between-athens-and-madrid-312524
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