June 8, 2011
German Finance Minister Wolfgang Schaeuble has said the current aid package for Greece is "insufficient", adding there is a "real risk" of default if funds are not released soon.
In a letter to European Central Bank and International Monetary Fund leaders dated 6 June, Mr Schaeuble said a new package was needed.
He suggested a bond swap to give Athens more time to repay its debts.
A 110bn euro (£161bn; £98bn) Greece bail-out package was agreed last year.
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