Forexsq.com - After the Greek parliament on Sunday passed yet another package of austerity measures demanded by its euro-zone neighbors – this one worth $4.4 billion – the path seemed clear to finalizing a long-delayed, second bailout of the country totaling $170 billion. Well, it turns out the Greek vote wasn’t enough to satisfy skeptical euro-zone leaders. Instead of pinning down the bailout details, European finance ministries have reopened the entire plan to bail out Greece. A debate is now raging among euro-zone countries over whether or not a second bailout makes any sense at all. The basic problem apparently is that there is a growing belief in some northern euro members – such as Germany and Finland – that Greece’s politicians will never be capable of implementing reforms, whatever promises are made now, so a new bailout would end up being a waste of money. German Finance Minister Wolfgang Schäuble publicly questioned the commitment of Greece’s politicians to reform after an upcoming election.
