#GREECE Germany finance ministry favours bridge loan in case of election allowing for quick #Grexit

#AceFinanceNews – Germany is favours a bridging loan over a full deal – allowing a quick #Grexit should the government decide on a quick election to oust #Tsipras

BERLIN (Reuters)-Aug.07: Germany’s Finance Ministry favours a bridge loan for Greece to give Athens and its creditors sufficient time to negotiate a comprehensive third bailout, the Sueddeutsche Zeitung daily reported on Friday.

“A programme that should last three years and be worth over 80 billion euros needs a really solid basis,” the paper quoted a ministry source as saying. “A further bridge loan is better than just a half-finished programme.”

German Finance Ministry favours bridge loan for Greece – paper

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