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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?

 

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Fri, 01/18/2013 - 11:43 | 3166230 The Juggernaut
The Juggernaut's picture

More blackmail is needed.  Thats what she means.

 

"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves." — Norm Franz

Fri, 01/18/2013 - 11:48 | 3166270 camaro68ss
camaro68ss's picture

A greece funding gap??!!! Who would have seen that coming. And i was always told 3rd times a charm

Fri, 01/18/2013 - 12:06 | 3166331 GetZeeGold
GetZeeGold's picture

 

 

Where does the IMF get it's funding again?

Fri, 01/18/2013 - 12:08 | 3166339 The Juggernaut
The Juggernaut's picture

From here: www.youtube.com/watch?v=TFC18pFvo1g

 

 

Confessions of an IMF hitman.  The IMF is a global mafia.

Fri, 01/18/2013 - 15:59 | 3167250 falak pema
falak pema's picture

the IMF is the Mafia of those who made it : The PAx Americana cabal. Period. 

I enjoyed that interview posted here on ZH over 1 year ago. TY.

Fri, 01/18/2013 - 12:27 | 3166415 Carl Spackler
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Nations printing Fiat paper.

Mali isn't sending them any gold anytime soon.

Fri, 01/18/2013 - 14:17 | 3166473 Anasteus
Anasteus's picture

:-))

... for me, the comment of the day /no sarc/.

Fri, 01/18/2013 - 12:17 | 3166378 Joe Davola
Joe Davola's picture

Greece must need more unemployment, the multiplier on unemployment benefits would certainly lift their GDP into positive territory.

Fri, 01/18/2013 - 11:39 | 3166234 PUD
PUD's picture

Haven't they sold off all the trees in the parks yet?

Fri, 01/18/2013 - 12:13 | 3166361 tango
tango's picture

They can't since they are either burning them for heat or using them to build rough sheds.  What Greece SHOULD do is sell some of their tiny islands, especially those with vacation homes.  There are still enough folks with wealth to bring in billions.  Then again, that is yet another temporary fix to the social welfare system that will inevitably fail without continual rising births and workers  - something Europe hasn't done in decades.

Fri, 01/18/2013 - 11:40 | 3166240 Cognitive Dissonance
Cognitive Dissonance's picture

And so the Greek lie continues...........................

Fri, 01/18/2013 - 15:39 | 3167182 AgAu_man
AgAu_man's picture

Yes!  What I'd like to know is: Why are so many Greeks happy to get out of the Euro and get back to their Drachma, when Merkel & Co are just as happy to keep them in via bribes, aka 'bailouts'?  Is this purely in the Greek interest, or the bigger EU interest?

Someone mentioned some time ago, that they are playing for time with this modern Greek Tragedy, to 'firewall' Italy and Spain. 

And while all these fiat-currency countries are jointly "circling the drain", they take turns on the spotlight, to keep the attention away from the fact that they are all doomed.  But, hopefully, doomed later than sooner.  To give TPTB and their extended families time to prep.

Fri, 01/18/2013 - 15:56 | 3167242 falak pema
falak pema's picture

the greeks don't own Greece, the bankstas do. 

Fri, 01/18/2013 - 11:40 | 3166243 vote_libertaria...
vote_libertarian_party's picture

Good thing this whole Euro crisis thingy is over...I'm just saying.

Fri, 01/18/2013 - 13:13 | 3166583 Aurora Ex Machina
Aurora Ex Machina's picture

Looking at just one of the countries that the World Bank / IMF is heavily involved in, say... Mali, my money is on Greece being just fine.

Fri, 01/18/2013 - 11:43 | 3166245 SheepDog-One
SheepDog-One's picture

OH right....so everythings just FINE till 2016, then we might be short a little $9 Bill....what a crock of horse shit.

Fri, 01/18/2013 - 11:42 | 3166248 SheepDog-One
SheepDog-One's picture

'IMF 'sees' GDP in Greece growing .6% in 2014....NOT .7%, definitely NOT .4%....gee what a bunch of fuckin crystal ball gazing wizards!

Fri, 01/18/2013 - 11:45 | 3166256 dirtyfiles
dirtyfiles's picture

mayans looks like kids playing with calendar compair to this

Fri, 01/18/2013 - 11:46 | 3166264 chaartist
chaartist's picture

nobody gives a shit anymore until they eat themselves. no coverage of steps to default, people are taken hostage until the military gets paid. i hope there are more trees until the winter ends.

Fri, 01/18/2013 - 11:46 | 3166265 azzhatter
azzhatter's picture

Growing in 2014???

Fri, 01/18/2013 - 11:51 | 3166284 BandGap
BandGap's picture

My thoughts exactly. Spain and Italy going negative and Greece is out of the hole in a year or so? I call BS.

Fri, 01/18/2013 - 11:48 | 3166267 CrashisOptimistic
CrashisOptimistic's picture

"IMF RECOMMENDS HAIRCUTS ON BILATERAL GREEK LOANS FROM EUROPE"

IMF RECOMMENDS NOT ONE PENNY OF IMF LOANS TO GREECE BE HAIRCUT

Fri, 01/18/2013 - 11:49 | 3166269 q99x2
q99x2's picture

Banksters slash and burn policy headed to France

Fri, 01/18/2013 - 11:50 | 3166282 Temporalist
Temporalist's picture

Just raise their taxes...that always works.  And crack down on those scofflaws who aren't paying for their pool covers.  Off to jail for them!

Fri, 01/18/2013 - 11:53 | 3166295 Snakeeyes
Snakeeyes's picture

Not to mention that highest sovereign rate in the EU and almost the highest poverty rate. Something about those Communist/Scoialist Balkan/Black sea countries.

http://confoundedinterest.wordpress.com/2013/01/18/poverty-in-the-usa-an...

Fri, 01/18/2013 - 11:54 | 3166297 Glass Seagull
Glass Seagull's picture

 

 

Pendelum swings to metal...

Pendelum swings to paper...

Pendelum swings to metal...

Pendelum swings to paper...

 

 

Fri, 01/18/2013 - 11:58 | 3166309 LawsofPhysics
LawsofPhysics's picture

The supply lines break...

The world goes to war...

 

Some things never change.

Fri, 01/18/2013 - 12:16 | 3166371 pods
pods's picture

If it keeps on rainin', levee's goin' to break

Lots of fiat behind that levee already.

pods

Fri, 01/18/2013 - 12:04 | 3166325 alentia
alentia's picture

Greece may become most progressive country in Europe if people finally dismantle corrupt regime and reset bureaucratic regulations.

Half measures imposed by IMF and other EU countries as designed to prevent that. They are afraid Greece can lead by example, how to deal with burden of huge government, corruption, useless regulations and most important "European SOCIALISM".

This can only happen when BIG banks will no longer have any gains from Greece being on life support. 

 

Fri, 01/18/2013 - 12:36 | 3166447 Smuckers
Smuckers's picture

My big fat Greek pile of shit.

 

Fri, 01/18/2013 - 12:40 | 3166458 Anasteus
Anasteus's picture

"IMF SEES GREECE NEEDING EXTRA EU 5.5-9.5 BILLION IN 2015-16"... didn't they mean 'TRILLION'? 5.5-9.5 billion is hardly enough for few next months.

The more extras the more GDP shrinkage the more haircuts the more zero rates... resulting in the Grand Zero.

I am not sure if anybody could find an example of an utter-er insanity in history.

Fri, 01/18/2013 - 12:42 | 3166471 No Euros please...
No Euros please we're British's picture

Hahaha, you had me going there, this is the Friday afternoon joke, right? The IMF couldn't have said that coz Christy said everything was fixed only this week. She even made a list of things that were fixed and gave it to the Greeks, apparently.

Fri, 01/18/2013 - 12:49 | 3166499 smacker
smacker's picture

When the Greeks have bled the rest of the EZ dry, completely dry, it will announce plans to harvest those mysterious, huge quantities of oil/gas in the Aegean and elsewhere that we haven't heard word of recently. At that point it will tell the EZ to "GFY".

Fri, 01/18/2013 - 20:06 | 3166541 Aurora Ex Machina
Aurora Ex Machina's picture

I'm genuinely confounded by the mass-reviling meme that surrounds Lance Armstrong. He had cancer three times, lost a testicle, and still wins a race five+ times where everyone else is doped. Sorry: I meant, in the last 10 races, the highest position anyone who wasn't doped got was 4th, and that was the one time where there was a massive crash or something. [Cycling, while undoubtably noble, environmentally friendly and competitive is not something I'm interested in; can you tell?]

If I were a person with a spare $100 mil, I'd be into his clinic as fast as you could say "Immortality Bitches", and be getting that kind of treatment. Even John from Belize is looking pretty dapper for 70+, if you know what I mean.

Oh, wait. Sorry. Just been told retro-viral DNA / RNA fixing is not for the masses, revile away. Bad man! Boo! Cheater! Go Opra, you tell him off you sassy Black Momma!

 

[edit - so I watched the Democracy Now! video. Yes, looks like he's a total bastard, but hey. I probably would be if the hypocrisy and vapid bleating was that high]

 

p.s. None of you, and I mean this seriously, should ever look at the new crop of Olympic swimmers, and their rather odd 'Golden Section' ratios of limb expression. Nothing to see there, no siree, pure chance that all these new adolescents are smashing the records; then again, the Olympics is just as confusing to me as professional cycling - it is the human equivalent to the Frankfurt car show, yes? Or have I got this one mixed up?

Sat, 01/19/2013 - 10:05 | 3168656 smacker
smacker's picture

Armstrong has brought most of it upon himself methinks. As most of MSM has reported: he flatly denied doping for years, sued anybody/everybody who raised allegations of him taking drugs, he threatened and pressured team mates to take drugs, he abused his masseuse for complaining about his drug taking, he's made a l-o-t of $$$ from false sponsorship contracts (personal fortune estimated to be ~$100 million), he has brought pro-cycling into disrepute. When he eventually came clean, well, he hasn't really come clean has he, just confirmed a few facts everybody already knew, and has not really offered contrition or named others who were involved.

I suspect he will either be forced to repay many $millions$ to sponsors and those he sued OR quit the country with his money to Paraguay.

Fri, 01/18/2013 - 15:08 | 3167012 shovelhead
shovelhead's picture

Merkel sez "Everything must go".

 

Poor Riot Dog.

http://thefuntimesguide.com/images/blogs/dog-for-sale-joke.jpg

Fri, 01/18/2013 - 15:00 | 3167023 Joebloinvestor
Joebloinvestor's picture

Greece, the lamprey eel of the EU.

Fri, 01/18/2013 - 15:04 | 3167044 Salah
Salah's picture

EX-TREASURER OF SPAIN'S PP PARTY FOUND TO HAVE 22 MILLION EUROS IN SWISS BANK

IRISH TIMES FRIDAY JAN. 18TH

http://www.irishtimes.com/newspaper/world/2013/0118/1224328999715.html

Fri, 01/18/2013 - 15:27 | 3167093 AgAu_man
AgAu_man's picture

I hear from reliable Greek sources, that rural (conservative) Greeks don't give a crap anymore about the TBTF 'city parasites'.  They are fed up, but fed (via their local economies).  They are also deliberately deserting the tax-paying ranks of Statist/Gov support, to enable & accelerate the system's demise.

While the 'parasites' worry or panic in Athens, the rest get by just fine w/o the Euro.  They live their lives in a more 'resilient' (old-fashioned) way, more tax-free way, so the Paper/Tertiary Wealth drama does not affect them.  They  are calmly and comfortably living in a parallel economy, while waiting for the Big Reset. 

Go Greeks, you Zorba Heros!

Fri, 01/18/2013 - 15:23 | 3167125 AgAu_man
AgAu_man's picture

"The Iceman Cometh" - Eugene O'Neill, 1939

"The Goldman Cometh" - ???, ca. 2001

"The Gold Cometh, Man" - AgAu_man, 2013.

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