Greece may need to tap its eurozone partners for an extra 10 billion euros in funding as it faces up to a cash shortfall , the country 's finance minister has said . Yannis Stournaras said `` if Greece needs additional support that will be of 10 billion euros , which is a very small amount compared with the previous memorandums . '' The comments were in an interview with Greek newspaper Proto Thema Sunday and reported by press agency AMNA . A support package would come `` without new conditions , '' Stournaras said , as targets were already in place until 2016 . Further , there would be no haircut on Greek debt , he said . The minister said the country did not yet have the two conditions to return to the bond markets -- a primary surplus and two consecutive trimesters of growth -- but would know by year 's end if that had been achieved or could be next year . Stournaras ' comments follow those made by German Finance Minister Wolfgang Schaeuble last week , in which he said Greece would require `` another program '' of assistance to help it with debt financing costs . Greece has already had bailouts worth 240 billion euros . A Germany finance ministry spokesman said Schaeuble was referring to a eurozone pledge in late 2012 to consider `` further measures and assistance '' for Greece to help it achieve debt targets agreed to as part of the existing bailout program , which is due to end in 2016 . According to a note from Societe Generale economists , Schaeuble had recognized the obvious , `` namely that Greece will need yet another assistance package . '' However , German Chancellor Angela Merkel `` will want to keep discussions at bay until after the German election on 22 September , '' economist Michala Marcussen wrote . The International Monetary Fund had already recognized a funding gap of around 11 billion euros , Marcussen wrote , and more aid will be `` top of the agenda , '' after the election . Further , the note added , Greece `` in our opinion will need official sector debt forgiveness . Without this , we believe the economy will continue to struggle under the debt mountain , condemned to weak growth . '' Greece 's struggles come as Europe 's recovery appears to be gaining traction thanks to a revival in activity in Germany , the region 's biggest economy . The 17-nation eurozone emerged from its longest ever recession , growing 0.3 % in the second quarter after 18 months of contraction . However , risks remain . France , the eurozone 's second biggest economy , saw private sector output fall faster in August than July , with both services and manufacturing taking a hit . Unemployment rates have steadied but remain at record highs and will continue to weigh on consumer spending . It could also cause political instability in southern European states such as Greece and Spain . Greece , along with three other eurozone countries -- Portugal , Ireland and Cyprus -- remain dependent on rescue loans from the EU and International Monetary Fund .
Greece may need to tap its eurozone partners for an extra 10 billion euros in funding . The country 's finance minister said a new package would come without new conditions . Yannis Stournaras ' comments come days after German 's finance minister said the country would need help . However , Germany has an election on September 22 and any decision will likely be made after that .