Greek PM vows “no third bailout”

PanARMENIAN.Net - Greece will not need a third international debt bailout when its current programme ends in four months, the country's prime minister has said, according to BBC News.

Alexis Tsipras vowed his government would "start working hard" to change the country, which is saddled with a debt 175% of its GDP.

Greece has already received two bailouts since 2010, totalling 240bn euros ($272bn).

Germany's parliament ratified a four-month extension on Friday, Feb 27.

While some MPs had expressed doubts about the deal and there was substantial public scepticism in the EU's leading economic power, the vote passed easily.

Parliaments in all 19 eurozone states must approve the extension for it to be granted, but Germany's vote is seen as significant because of its key role as a creditor nation.

Reacting to the Bundestag vote, Mr Tsipras told the Euronews TV channel: "The German parliament gave Europe a vote of confidence today.

"Europe has now recognised that Greece has turned a new page... We start working hard, in order to change Greece within a Europe that changes direction."