4 Feb 2014
Greece to require third bailout of €10-20 billion
FXStreet (Łódź) - According to Reuters' sources Athens is close to reaching a deal with the Troika inspectors on the fiscal gap issue, following the release of preliminary data showing that Greece's primary surplus was more than 1 billion euros in 2013. The officials are still discussing terms of structural reforms after a court reversed a ruling on wages cuts.
Furthermore, it emerged that Greece would need another, third bailout package of between €10 billion and €20 billion euros to service its debts in 2014 and 2015.
Adam Button from Forex Live believes it might be problematic as “many politicians have vowed not to lend anymore money to Greece, so politically it could be difficult to accomplish, especially since Greece refuses further austerity.”
Furthermore, it emerged that Greece would need another, third bailout package of between €10 billion and €20 billion euros to service its debts in 2014 and 2015.
Adam Button from Forex Live believes it might be problematic as “many politicians have vowed not to lend anymore money to Greece, so politically it could be difficult to accomplish, especially since Greece refuses further austerity.”