- Recommends rates ‘close to zero’ on bilateral loans
- Debt relief and aid ‘crucial’
- Lower rates on EFSF loans to Greece also possible
- Expects more measures to cut debt by 2020, 2022
- Sees Greece needing extra funding of 5.5-9.5 billion in 2015-16
- Greek program fully financed well into 2014
Funded into 2014 is pretty good compared to the usual 6-month cycle of unexpected shortfalls. Of course, Greece always ends up needing far more cash than the IMF anticipates.
