Merkel Seeks to Dampen Talk of 3rd Greek Bailout

March 4, 2015 2:46 PM

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German Chancellor Angela Merkel and the president of the European Union's executive branch are cautioning against speculation that Greece will need a third financial bailout.

Though Greek Prime Minister Alexis Tsipras has insisted his country won't seek another bailout, Greece will most likely need some form of assistance to see it beyond the summer. Greece and its creditors recently agreed a four-month extension to Athens' second bailout to June.

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