from Silver Vigilante:
The IMF announced Friday that Greece might need more financing to the tune of 5.5 billion and 9.5 billion euros for 2015 and 2016 and said it had assurances from Europe the aid would be forthcoming for Athens in the final years of its international bailout. This is the first instance in which the IMF estimated the range of possible financing needs for Greece’s international bailout between 5.5 billion and 9.5 billion euros for 2015 and 2016, and said it has assurances from Europe that the aid would be forthcoming for Athens in the final years of its international bailout.
As the first time the IMF has estimated Greece’s financial needs beyond 2014, the estimations add to the tens of billions of euros in emergency loans from euro zone partners and the IMF Greece has received since the summer of 2012. This coming year, 2013, it is likely that the Greek economy will shrink once more.
Tensions between the IMF and Europe sparked in November over ways in which to reduce Greece’s large debt pile. Questions also arose over whether or not Europe would financially support Greece if the nation did not implement further austerity measures.
interpretation: Fat-ass bankers and connected insiders in Greece could lose their jobs and actually have to work for a living… If that happened they would quickly starve, having never done an honest days work in their lives. “We can’t have that.” (Line from original Robocop movie)
Can you say Sour-Kraut! American tax payers will be funding the Greeks too. Oh the humanity. Always bullish for Gold/Silver. BTFD’s