ECB predicts follow-up Greek funding will be needed after 2014

ECB policymaker Joerg Asmussen has said Greece will probably need a follow- up programme for the years following 2014 after the eurozone, this week agrees on the country’s funding for the next couple of years.

Mr Asmussen said: “We should, next week, settle the financing for the years 2013 and 2014, but you have to be honest and say we do not really expect the country to have access to markets in 2015 and 2016.

“That means a follow-up programme would be necessary.”