Germany ready to help Greece if it needs more money

Germany will support further financial help for Greece, should the country require more aid after the current bailout ends this year, German Finance Minister Wolfgang Schaeuble said on Wednesday.

Eurozone governments have lent 240 billion euros to Greece in exchange for tough reforms and fiscal austerity after the country was cut off from markets in 2010 because of its unsustainable public finances.

Greece does not want to borrow more from the eurozone, hoping to return to markets this year, but its eurozone peers are cautious, stressing success depends on the implementation of all reforms promised under the bailout program.

[Reuters]