Troika believes third Greek bailout worth up to EUR50 billion needed - report
The ``troika'' of the Greece's official creditors -- the European Commission, the International Monetary Fund and the European Central Bank -- believes that a third Greek bailout worth up to EUR50 billion might be needed to help the country raise funds between 2015 and 2020, German weekly magazine Der Spiegel reports Sunday.
The Cyprus parliament on Tuesday narrowly approved the terms of a bailout deal reached last month with the troika of creditors, comprising the European Union, the European Central Bank and the International Monetary Fund, to avoid bankruptcy.