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approved its portion of the second bailout for Greece.
The size of a second bailout for Greece has not yet been determined.
REUTERS Banks Promote Greek Bailout Proposal | European banks are feeling pretty enthusiastic about the proposed second bailout for Greece.
This manoeuvring shows the burghers of Amsterdam, Ljubljana and Bratislava fear that a second bailout for Greece will fail.
Mr. Papademos said that the alternative to the completion of talks on the debt swap and on a second bailout for Greece was a potentially catastrophic default.
Mr. King's comments came as European Union leaders met in Brussels to discuss a second bailout for Greece and ways to stabilize the euro zone area.
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No one is advising a third bailout for Athens, as the first two failed to put the country's public finances back on a sustainable path.
But the eurozone's economic recovery is fragile and the need for a third bailout for Greece shows that the debt crisis is far from over.
But France and Germany are split on their approach to the Greek question, while Finland could refuse outright to sign up to a third bailout for Greece.
Velculescu arrives in Athens on Thursday amid uncertainty over the IMF's willingness to throw its weight behind a third bailout for the stricken eurozone state.
In a marathon Brussels summit lasting more than 16 hours - the longest in EU history - an agreement was finally reached that would lead to a third bailout for Greece and keep the country in the eurozone.
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