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Tuesday, April 20, 2010

Will Greece get IMF's help?

Yes, I believe the probability is very high that Greece will get funds from IMF and as usual, IMF will impose strict economic policies for Greece in exchange for its funds.  The air travel impasse caused by the volcanic clouds looks set to exacerbate the exigency.
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3 comments:

Eric Ho said...

As expected, Greece will seek to activiate IMF funding. However, the recent upward revision is still not a true reflection of its debt. I believe there will be more upward revisions in the future.

April 23, 2010 at 7:40 PM
Eric Ho said...

Greece 10-year bond is already above 10%. Greece is in a very dire situation now!

April 26, 2010 at 12:28 AM
Eric Ho said...

Greece is asking for $120b instead of the initial $45b. This only shows that Greece is practically insolvent.

April 29, 2010 at 8:07 PM

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