German newspaper reveals secret Greek bailout prediction

Greece could be headed for yet another multi-billion dollar bailout, according to secret documents uncovered by Der Spiegel, a German-language newspaper. According to Reuters, which reported on the findings this weekend, a secret panel within the Bundesbank, Germany's central bank, concluded that a new bailout for Greece is highly likely, and could be unveiled sometime early next year.

This revelation is a contradiction of statements made by German Chancellor Angela Merkel, who is working against wide-spread fear that the nation's taxpayers would be on the hook for the Grecian government's decades-long fiscal mistakes. Merkel faces a tough reelection campaign this September and her administration has taken great pains to assure voters that Greece's economic future is firmly in its own hands.

Opposition parties are already clamoring for answers about the Bundesbank report, charging that Merkel has been misleading voters. Any new bailout must be approved in the Bundestag, Germany's legislature, where it would face fierce criticism and potential rejection. Such an event would surely push Greek's problems back to the forefront in the market and, as has been shown in recent years, could lead to another sovereign debt disaster like the one that nearly pushed the eurozone into widespread insolvency in 2011.

"It is becoming increasingly clear that the Greeks will not be able to avoid a fresh aid package linked to a new debt haircut," Bernd Lucke, a senior official of one of Germany's anti-euro parties, said in a statement, according to The Telegraph. 

If Merkel fails to win a majority in this election, the European Union's existential panic could morph into a newer, darker problem that world leaders may not be able to cope with. This poses a serious problem for all Americans, especially those approaching retirement. Learn more by exploring alternative investment options on today.