Greece looks likely to ask for a 3rd international bail-out after forming a government, heaping further pressure again on Germany and the Eurozone.
1st task for the new incoming government will be to renegotiate the May bail-out agreement, but economic advisers state that Samaras does intend to honour Greece’s contractual obligations
ECB’s Asmussen however warns that the country will need a further cash injection if terms of the memorandum are relaxed.
More… from the UK Telegraph
