According to a small prepublication published on the website of German magazine Der Spiegel, the decision to offer Greece a third 10 billion euro bailout through the European Support Mechanism (ESM) credit line has already been taken.

ESM will make use of the program that provides for stricter conditions and reviews (Enhanced Conditions Credit Line -ECCL), Der Spiegel says, adding that top officials participating in last week’s Euro Working Group largely agreed on offering a third bailout package for Greece.

This credit line will be created through the redirection of bank recapitalization funds from the second bailout package that were not used.