Former Greek Finance Minister Says Fourth Bailout Needed

The transcript discusses the financial instability in Greece, highlighting the significant withdrawals from Greek banks and the potential for renewed capital controls. It outlines the risks to the Greek economy, including the possibility of another bank recapitalization and a fourth bailout. The speaker emphasizes the importance of Greece signing an agreement to be included in the ECB's quantitative easing program, which could help stabilize the economy and reduce Greek spreads. The goal is to avoid a full-fledged fourth program by securing a precautionary credit line.

What is the proposed solution for Greece to improve its economic situation?

What does Greece need to consider for future funding after the program finishes in 2018?