Tuesday, 31 December 2013 - 13:32
Greece will require no further aid after bailout exit: PM
Greece will exit its EU-IMF bailout agreement as scheduled in 2014 and will require no further loans.
Greece was first bailed out by the European Union, the International Monetary Fund and the European Central Bank for 151 billion dollars in 2010.
When that failed, veering Greece dangerously close to exiting the eurozone, the country got a second rescue in 2012 worth 130 billion euros plus a private sector debt write-off totalling more than 100 billion euros.
The second bailout is set to end in mid-2014, and there is strong belief that Greece's weakened economy will require more EU-IMF assistance.