Will Greece Need More Aid?

Filed under: International Markets

With Greece ready to tap aid aid from the European Union, the $64,000 question (or really, make that the €30 billion or $41 billion question) is: will it be enough?



Probably not, so says Carl Weinberg, chief economist at High Frequency Economics in New York. Greece needs to raise €240 billion (roughly $323 million) in the next five years, €150 billion ($202 billion) of which is needed to pay back maturing bonds, he said in an article in The Wall Street Journal this Monday (subscription required). Weinberg termed the €30 billion bailout "just a drop in the bucket."

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Will Greece Need More Aid? originally appeared on BloggingStocks on Mon, 19 Apr 2010 18:30:00 EST. Please see our terms for use of feeds.

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