Several charts obtained from the EU and IMF finally end the debate about Greece’s funding gap this morning: without further loan support, Greece will default in May. And even if this is forthcoming, the country will default without yet more help in August.
Just two days before New year 2014, Antonis Samaras told his People that Greece would leave its bailout programme next year without needing a third aid package. «In 2014 we will make the big step of exiting the loan agreement,» said the Greek PM in a nationally televised address. «In 2014, Greece will venture out to the markets again [and] start becoming a normal country… There will be no need for new loans and new bailout agreements».
But figures obtained by The Slog show he lied.
Mr Samaras told the Greeks during October that debt relief would come…
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