Third Greek bailout to be worth €10-20bn / Wary Greeks say economy can only improve

According to a paper leaked from the German government and published by Der Spiegel on the 3 February 2014, Greece's third bailout was to be worth €10 to €20bn.

However, reports from Greek sources suggested a more upbeat situation with some predicting a positive impact of the 2013 primary surplus in Greece on the 2014 budget.

The Eurozone finance ministers agreed on the 17 February 2014 on a return of the troika to Greece aiming to conclude the bailout review which was pending since September 2013.

In the annual speech to shareholders of the Bank of Greece issued on the 27 February 2014 the governor said that 2013 was probably the last year in the country’s current long recession, but the reforms must continue and political and social forces would need to reach a consensus if the country was to return to a path of growth,

• Primary Source

ESO: Background information: Eurozone ministers impatient on Greek bailout review http://www.europeansources.info/record/eurozone-ministers-impatient-on-greek-bailout-review/

Spiegel Online International, 04.02.14: Strings Attached: Berlin Weighs New Aid Package for Greece http://www.spiegel.de/international/europe/german-government-considers-new-aid-package-for-greece-a-951443.html

Spiegel Online International, 04.02.14: Fresh Aid: Greece Plans to Impress Creditors With Good News http://www.spiegel.de/international/europe/greece-plans-to-impress-creditors-with-good-news-a-951516.html

EurActiv, 12.02.14: Greek minister slams Troika, says surplus will be ‘big surprise’ http://www.euractiv.com/euro-finance/greek-minister-slams-troika-surp-news-533454

Kathimerini, 12.02.14: Surplus rules out need for measures http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_11/02/2014_537302

EUObserver, 13.02.14: Economic chaos sees Greek voters swing to fringe parties http://euobserver.com/eu-elections/123067

Deutsche Welle, 13.02.14: Wary Greeks say economy can only improve http://dw.de/p/1B7mh

EurActiv, 18.02.14: Troika to return to Greece later this week: Eurogroup head http://www.euractiv.com/euro-finance/troika-returns-greece-review-pro-news-533573

EUObserver, 18.02.14: Troika to return to Greece in search of debt deal http://euobserver.com/news/123174

Eurogroup: Press Release, 17.02.14: Remarks by Jeroen Dijsselbloem at the press conference following the meeting of the Eurogroup of 17 February 2014 http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/141054.pdf

European Commission: RAPID: SPEECH/14/136: Speaking points by Vice-President Rehn at the press conference of the meeting of the Eurogroup http://europa.eu/rapid/press-release_SPEECH-14-136_en.pdf

Euronews, 17.02.14: No talks on third Greek bailout yet: eurozone ministers http://www.euronews.com/2014/02/17/no-talks-on-third-greek-bailout-yet-eurozone-ministers/

Deutsche Welle, 25.02.14: Greece raises hopes of recovery http://dw.de/p/1BFCz

The Economist, 11.01.14: Charlemagne: Aegean stables(Commentary) http://www.economist.com/news/europe/21593422-greeces-feat-deficit-cutting-masks-deeper-economic-and-political-failings-aegean-stables

Kathimerini, 27.02.14: BoG: Growth will become sustainable through reforms http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_27/02/2014_537782

Bank of Greece: Speech, 27.02.14: Speech by Bank of Greece Governor George A. Provopoulos at the 81th Annual Meeting of Shareholders http://www.bankofgreece.gr/Pages/en/Bank/News/Speeches/DispItem.aspx?Item_ID=292&List_ID=b2e9402e-db05-4166-9f09-e1b26a1c6f1b

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