BRUSSELS (AP) — The head of the Eurogroup, the eurozone finance ministers' meetings, says there's no doubt Greece will need more financial aid beyond its current rescue loan programs ending next year.
Jeroen Dijsselbloem told lawmakers at the European Parliament on Thursday that "Greece's trouble will not have been completely resolved by 2014."
Greece has been kept out of bankruptcy since 2010 with rescue loans worth 240 billion euros ($316 billion) from its eurozone partners and the International Monetary Fund. The possible need for further aid has proven a politically toxic issue in creditor countries like Germany.
Dijsselbloem says "it's realistic to assume that additional assistance will be needed beyond the program" provided Greece will comply with conditions set out by the Eurogroup. He says a decision won't be made before next year.