German Finance Minister Wolfgang Schaeuble said more explicitly than ever before that international lenders will have to offer Greece a third aid programme.

“There will have to be another programme in Greece,” Schaeuble said at an election campaign event in northern Germany on Tuesday. He reiterated the government’s stance, however, that there will be no debt haircut for Athens.

Schaeuble has said in the past that international lenders may have to consider a new aid programme for Greece after the current one expires at the end of 2014, but he has never described this as inevitable, as he appeared to do on Tuesday.


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