“A program that should last three years and be worth over €80 billion needs a really solid basis,” the paper quoted a ministry source as saying. “A further bridge loan is better than just a half-finished program” .
Greece is currently in negotiations with the European Union and the International Monetary Fund for as much as €86 billion in loans, in order to avoid financial collapse.
The next debt payment to the European Central Bank totals €3.5 billion and is due on 20 August.
There are reports that Germany has preference for a bridge loan, although this conflicts with the view of the Greek Prime Minister Alexis Tsipras and that of the French President Francois Hollande, who said on Thursday a new bailout should be agreed by late August.
. Reuters. ‘German Finance Ministry favours bridge loan for Greece: paper’. http://www.reuters.com