Greek 13-Week Cash-(Out)Flow Forecast
As G-Pap faces the wrath of every long-only-manager, European leader, and sell-side equity strategist, by giving 'we-the-people' their say, we thought it potentially instructive to look at what the Greeks face over the next three months. As with every bankrupt company, we outline the 13-week forecast for cash-flows, specifically focused on what interest and principal payments are due to the end of January. Greece faces almost EUR20bn in interest and principal payments through the end of Jan2012, dominated by EUR12.2bn in payments in December alone with the last week of the year a huge EUR8.9bn!! It does make us wonder just how much leeway the Troika is willing to give if they don't follow the rules.