Doubts in some euro countries over whether Greek bailout will work



BRUSSELS — A European official warns there are fundamental doubts among some of the countries that use the euro whether a second massive bailout for Greece will actually work.

The official said “people don’t trust the Greeks” and there are serious concerns that the upcoming election will make it even less likely that cuts and reforms will actually be implemented.


He said even assurances from both party leaders that they will implement the program cannot fully assuage these concerns.

The official, who has been briefed on the debates between European finance chiefs in recent weeks, was speaking on condition of anonymity because of the sensitivity of the topic.

Other European officials, who also declined to be named, said that they nevertheless expected the €130 billion bailout to go ahead.

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