News Headline Summary

Troika draft compliance report says Greece will need an extra EUR 17.6bln for 2015-16 if Greece is given extra 2 years to reach primary surplus target

Says:
- To close Greek financing gap through 2014 Athens will need extra EUR 15bln compared to March assessment.
- Risks to Greek adjustment programme are very large as government is fragile and budgetary measures likely to be challenged in court.

Update details:

- Follows earlier news when Troika said adjusted Greek targets envisage balanced budget in 2013, budget surplus of 1.5% in 2014, 3% in 2015 and 4.5% in 2016

Print 16:26, 12 Nov 2012 - Economic commentary - Source: Newswires