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Spain says third bailout for Greece seen at 30-50 bln euros

Greek Finance Minister Yanis Varoufakis (R) speaks with his Spanish counterpart Luis de Guindos Jurado during an emergency Eurogroup finance ministers meeting in Brussels on February 20, 2015Spanish Economy Minister Luis de Guindos on Monday said European Union officials are estimating that a hypothetical third bailout for Greece could amount to between 30 and 50 billion euros ($34-55 billion). Without confirming that talks were under way for a third bailout, the minister said Spain would contribute “around 13 percent of the amount” if another aid package were to be granted to Greece. German newspaper Rheinische Post reported on February 25, citing sources in Berlin, that a third bailout for Greece would be worth 20 billion euros. It is “way too early” to talk of a third bailout, a spokesman for Germany’s finance ministry said at the time.

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