Greece: New bailout 'out of the question'

Staff Writer
Columbus CEO

ATHENS, Greece (AP) — Greece's finance minister says his country will not seek additional rescue funds from other eurozone countries after bailout loans are completed this year, despite concerns from rescue lenders that an early general election could unravel years of cost-cutting reforms.

After meeting with private investors in London, minister Gikas Hardouvelis said late Friday that a so-called third bailout is "out of the question."

Greece is receiving 240 billion euros ($308.5 billion) in two bailout packages, with payments from the eurozone ending this year and from the International Monetary Fund in 2016.

The country's conservative coalition government could face early elections in March when it would need the support of some opposition lawmakers for parliament to elect a new president.

The conservatives are currently trailing the anti-bailout Syriza party in opinion polls.