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Third Greek Bailout Unlikely, Says German Official

GERMANY'S parliament is unlikely to approve a third financial rescue package for Greece, a senior member of Chancellor Angela Merkel's governing coalition says.

The comments by Rainer Bruederle, the parliamentary leader of the Free Democrats party, indicate growing pessimism among German leaders at Greece's ability to satisfy creditors' demands for economic reform.

Bruederle told rbb-Inforadio in an interview on Saturday it appeared the troika of auditors from the European Union, European Central Bank and International Monetary Fund wasn't getting satisfactory answers from the Greek government on its promised reforms.

Source: The Australian. Read full article. (link)

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