“An internal Bundesbank document discovered by Der Spiegel states, in opposition to the comments by Germany’s electioneering Chancellor Merkel, that Europe ‘will certainly agree to a new aid program for Greece’ by early 2014 at the latest. As Reuters reports, Frau Merkel has repeatedly played down suggestions Greece will require more aid (or debt relief) in light of German voters major skepticism over moar of their money being flushed into the Mediterranean. The document notes that the risks of the current aid package for Greece are ‘extremely high’ and that recent approval of the tranche payments were politically motivated.”

http://www.zerohedge.com/news/2013-08-11/internal-bundesbank-report-predicts-new-greek-bailout-early-2014-more-headaches-merk

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