3rd bail out for Greece

The European Commission is planning use of EU budget funds for the next rescue of Greece, roping Britain into future responsibility for shoring up the eurozone currency structure. Günther Oettinger, Germany's EU commissioner, said on Sunday that a third package worth over €10bn will be needed in 2014 and will partly come in the form of direct help rather than a debt haircut for existing creditors. The Greek daily Kathimerini said Athens and Brussels are negotiating the use of EU structural funds that draw on the collective EU budget, co-funded by the British taxpayer and other non-euro states......Read more here