Eurozone bail-out funds not enough, warns OECD Meanwhile, Jean-Claude Juncker, head of the eurogroup said he believed the measures from the Monday's EU summit are "largely insufficient." He warned that the tortuous talks between Greece and its bondholders were "ultra-difficult." European officials have scheduled a meeting of the eurozone's finance ministers for Monday, to discuss the disbursement of the €130bn second bail-out programme for Greece. An official in Athens was reported as claiming that Greece needed an extra €15bn funds from eurozone countries to plug its finances. Separately, the American economist Paul Krugman has predicted Greece would default on its debt and will "more likely than not" quit the euro. However Wolfgang Schäuble, Germany's finance minister, insisted in a television interview that there was no need for more state funds in Greece. Angela Merkel, the German Chancellor, held talks with the Chinese Premier Wen Jiabao in Beijing. Mr Jiabao said: "Europe must rely on itself, reduce its debt load and introduce structural reforms." José Manuel Barroso, president of the European Commission said: "Only those who are able to successfully compete in Europe, will be fit to face competition globally. Spain and France cheered investors with successful bond auctions at lower yields than previous weeks. But Ireland's central bank cut its growth forecasts for 2011 and 2012. In January another 177,470 more Spaniards joined the jobless - higher than an estimated 127,000 and the largest rise in three years.