IMF Sees Greek Funding Gap Up To €9.5 Billion in 2014

Tyler Durden's picture

All commentary at this point on the infinite monetary sinkhole of Southern Bavaria, f/k/a Greece (whose lack of privatization efforts have angered Mother Merkel, who is now demanding more Greek assets be sold to "willing buyers") is now worthless:

  • IMF SEES GREECE NEEDING EXTRA EU5.5-9.5 BILLION IN 2015-16
  • GREEK GDP TO SHRINK 4.2% THIS YEAR, GROW 0.6% IN 2014, IMF SAYS
  • IMF RECOMMENDS HAIRCUTS ON BILATERAL GREEK LOANS FROM EUROPE
  • IMF RECOMMENDS RATES `CLOSE TO ZERO' ON BILATERAL GREEK LOANS

Has the IMF hired Armstrong yet?