ABC of Spain 2 / The troika ruled that Greece will be able to generate this year a primary surplus in the general budgets against initially planned, so the country you may need additional aid of up to 30,000 million euros or even more, today publishes the weekly “Der Spiegel”.
It was initially planned that the surplus of income over expenditure Newco interest-apart outside the 3% of GDP Gross domestic. “Of this there will be nothing left,” cites the weekly circles of the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF).
The slowdown in reforms in Greece since the inauguration of Prime Minister Alexis Tsipras, sharpens financial situation, he adds. Experts estimate an additional hole between 10,000 and 20,000 million euros.
This sum should be compensated in a third package of financial assistance to Greece, whose volume could exceed 30,000 million euros, says “Der Spiegel”. Meanwhile, the Greek government announced in Brussels and probably can not meet its financial obligations shortly.
Reduced quality Greek debt The risk rating agency Fitch lowered the quality of Greek long-term debt from “B” to “CCC”, and short-term solvency of “B” to ” C “by the increasing difficulties of access to markets and uncertain prospects for an Early rescue. According to the agency said in a statement, assessment roof is set to “B-” from “BB”.
The downgrade also due to the narrow confines of the domestic banking sector liquidity “have been under pressure extreme “financing of the Greek state. Due to the reduction in investment and consumption and because of the outflow of deposits the nascent economic recovery has deteriorated damage that will take time to be corrected even if successfully complete the program of reforms, says Fitch.
The agency r evisó its forecast for economic growth this year to 0.5% from 1.5% still expected in January, or 2.5% in December. Fitch believes that Greece and its creditors finally achieved a compromise that will allow the disbursement of the outstanding assistance, but considers that the slow pace of negotiations forecast that the first payments will not occur before the end of April.
Information ABC of Spain 2
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