IMF warns Greece may need €10bn more

In the report issued in January 2013 the IMF warned that EU bailout lenders would need as much as €9.6bn in additional funds for Greece by the end of its current rescue even if the programme stays on track, but they could face huge losses on their existing loans if Athens’ bailout wobbles as in the past.

ESO: Background information: Greece jubilant after finance ministers approve €49 billion bail-out payment http://www.europeansources.info/record/greece-jubilant-after-finance-ministers-approve-e49-billion-bail-out-payment/

http://www.imf.org/external/country/GRC/index.htm http://www.imf.org/external/country/GRC/index.htm

IMF Survey, 18.01.13: IMF Support for Greece Moves Ahead with €3.24 Billion Disbursement http://www.imf.org/external/pubs/ft/survey/so/2013/int011813a.htm

IMF: Country Report, No.20, 2013: Greece: First and Second Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Waiver of Applicability, Modification of Performance Criteria, and Rephasing of Access--Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece. http://www.imf.org/external/pubs/ft/scr/2013/cr1320.pdf

Kathimerini, 19.01.13: Six-month break from austerity http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_19/01/2013_479368

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