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Wednesday, February 8, 2012

Greece needs £12.4BN Extra Bailout to survive







GREECE needs an extra £12.4billion (15billion euros) to plug a gaping hole which could suck in the entire eurozone, it was revealed today.


The bloc has asked the eurozone to help provide an extra £15 billion euros for debt ridden Greece, an EU official said.

The official said Greece's international debt inspectors had discovered a huge funding gap between debt relief provided by banks and other private investors and the second 130 billion euro bailout.

The official called for further money from the eurozone or eurozone central banks to fill the gap.

Express

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