Much needed, because this is less good (if not entirely surprising):
German Finance Minister Wolfgang Schaeuble said on Tuesday for the first time that Greece will need another bailout, triggering a storm of protest from opposition parties five weeks before an election in Europe’s biggest economy….
“There will have to be another programme in Greece,” Schaeuble said.
A Greek finance ministry official told Reuters a new bailout would involve sums far smaller than in previous rescues and would focus on plugging an expected funding shortfall over 2014-2016.
German minister’s Greek aid comments spark pre-election backlash [Reuters]
Euro Gains After Bundesbank Comments [WSJ]