Seeking Alpha

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%.
Comments (5)
  • Teutonic Knight
    , contributor
    Comments (2021) | 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 (2476) | 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 (483) | 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:
    http://bit.ly/M9Cs4Y
    12 Nov 2012, 01:03 PM Reply Like
  • StatistElitist
    , contributor
    Comments (2) | Send Message
     
    Can kicking
    14 Nov 2012, 03:58 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|