No third bail-out for Greece, says deputy leader If Greece is given further bail-out cash, the sums involved are set to be much lower than the previous two packages, which run to €210bn. The government is reluctant to cut public spending further, and this week faced the second round of civil servant strikes in a fortnight. Public sector workers took to the streets on Tuesday to protest troika-imposed measures of cutting 4,000 state jobs and moving 25,000 workers to different posts. "We are talking about the potential for a lost generation here," Mr Venizelos said, adding that Greece faced the prospect of a social explosion if its citizens are forced to endure more fiscal austerity was the biggest risk for the country. It is not possible to impose new cuts on wages and pensions," he said. EU figures are divided over the inevitability of a third bail-out for Greece. Mario Draghi, president of the European Central Bank, on Monday described Greece's debt levels "sustainable" and said talk of another rescue deal was "premature." He added that Greece could stage a return to the bond markets by the end of the year, making a bail-out unnecessary. Greece has been locked out of the bond market since 2010, but the yield for a ten year loan has returned to pre-bail-out levels. It currently stand at around 9.5pc after climbing as high as 30pc at the height of the Greek debt crisis. Meanwhile, Wolfgang Schaeuble, German finance minister, told voters "there will have to be another programme" for Greece, in a surprising move that pit him against his government colleagues, who had been playing down the prospect while campaigning for re-election.