Speaking of ongoing sagas….

” The euro zone is not making any preparations for a third bailout for Greece and will consider it only if expressly asked by Athens, which has not happened so far, a senior euro zone official said on Thursday.”

  • The second euro zone bailout program for Greece expires at the end of this year
  • In February, German media reported that Berlin was preparing for the possibility that the euro zone would have to support Greece with an extra 10 billion to 20 billion euros
  • But asked if any plans were being made to help Greece finance itself in 2015 and 2016, the official said: “Within our circles there has been absolutely no discussion of that, program for now is up until end-2014.”

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