Eurogroup to consider new Greece bailout request

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The Greek request on Tuesday for a new bailout from the eurozone took the Eurogroup by surprise.

A planned conference call was put back from Wednesday morning till late afternoon.

The Eurogroup will consider Athens’ request for a new bailout of 29.1 billion euros from the eurozone’s 500 billion euro rescue fund known as the European Stability Mechanism (ESM).

Some eurozone finance ministers are thought to be hostile to agreeing a new bailout when Greece could not accept the terms of the last offer.

The head of the Eurogroup Jeroen Dijsselbloem said Greece must change its stance towards its creditors before eurozone partners could make a decision, adding that any new programme may come with even tougher conditions than before.

“Asking for a new programme is always possible. Greece is a member of Eurozone and it’s a member of the ESM (European Stability Mechanism) and it can ask for financial support. That is quite a procedure to go through, the institutions will again have to

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