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Germans See Greek Black Hole

XRHMATA5_473_355The news that Greece, already surviving on $325 billion in two bailouts from international lenders, could need another 10 billion euros ($13.34 billion) has many Germans throwing up their hands in exasperation. Germany is the biggest backer of the aid that’s coming from the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB).
According to Deutsche Welle, the budget spokesman of the Social Democratic Party of Germany Carsten Schneider stated to the German newspaper Bild that Greece will need more money to cover a gap through 2015.
He called on the government of Chancellor Angela Merkel “to put the numbers on the table as sooner possible,” and estimated the gap to be dozens of billions of euros until 2020. He also said that the Troika believes it could be as high as 77 billion euros ($102.76 billion) more until 2020.

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