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

- 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.

Analysis details (16:29)

- 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

12 Nov 2012 - 16:26 - Fixed Income Economic Commentary - Source: Newswires

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