Spain: Eurozone nations negotiating 3rd bailout for Greece that could provide up to $56B

Associated Press

Spain's economy minister says eurozone nations are negotiating a third bailout for financially strapped Greece that would give the country as much as 50 billion euros ($56 billion).

Luis de Guindos also says that "Greece will not leave the eurozone" because that would not be good for the country or the other 18 countries that also use the common euro currency.

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De Guindos says that the bailout would provide between 30 billion euros and 50 billion euros.

He spoke Monday at an economic conference in the city of Pamplona and his comments were sent via email to media outlets.

De Guindos says "the central scenario for Greece is a deal on the basis of the current bailout, and new conditions to be set with flexibility."