Tuesday, November 13, 2012

Greece Needing $41 Billion Extra

A Bloomberg headline. Greece might require as much as 32.6 billion euro in extra financing through 2016.  This will put more pressure on German led group creditors. 

Greece’s debt to GDP ratio will peak at 190.1 percent by 2014.

So its more money, more time. 15 billion euros through 2014 and 17.6 billion euros in 2015-2016. Greece is coming back to spotlight again and again whenever a bad news comes out of Europe. 

Complete reading from Bloomberg [here].

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