Greece would need an extra €32.6B in financing if given extra time to meet deficit-cutting...

Greece would need an extra €32.6B in financing if given extra time to meet deficit-cutting targets, according to a Troika report prepared for tonight's meeting of EU finmins. Two sections of the report - an analysis of the country's debt sustainability and next steps - are thus far left blank. GREK -6.3%, NBG -12%.

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Comments (5)
  • Teutonic Knight
    , contributor
    Comments (3966) | Send Message
    'Aid' is not the proper word. An additional loan to pay for the interest owed to avoiding default would sound more appropriate.
    12 Nov 2012, 11:56 AM Reply Like
  • winningtrader
    , contributor
    Comments (2459) | Send Message
    Usually people that wait at the corner, hat in hand, ask for a dollar. Greece is just the same but they ask for billions, every few weeks. Of course, the place is totally bankrupt and there will be no economic recovery as Greece has never had an economy, so there is nothing to recover.
    12 Nov 2012, 12:33 PM Reply Like
  • Positive Equity
    , contributor
    Comments (476) | Send Message
    Why are Greeks being used to prop up a house of cards known as the Euro?? Who benefits the most from the suffering of Greeks??
    The odds for a default by the Greeks are ~90% and rising with every new austerity measure.
    12 Nov 2012, 12:50 PM Reply Like
  • Bob West
    , contributor
    Comments (7) | Send Message
    Nothing new about situation in Greece.
    I wrote about it one year ago:
    12 Nov 2012, 01:03 PM Reply Like
  • StatistElitist
    , contributor
    Comments (2) | Send Message
    Can kicking
    14 Nov 2012, 03:58 AM Reply Like
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