Πηγή: zerohedge
By Tyler Durden
Oct 10 2011
Summarizing the Troika'a statement, with some gratuitous commentary:
- Sixth tranche depends on Eurogroup, IMF approval: the use of Greece as a passthru vehicle for Eurobank funding will continue until morale and bank CDS improve
- Troika says Greek recession to be deeper than anticipated, 2011 fiscal target no longer within reach: the 50% negative revision in deficit to GDP in the past month has been duly noted
- Recovery only expected from 2013 onward: when it will be Bundesrepublik Griechenland
- Privatization revenue below expectations: must sell more islands to the Chinese, more gold to Qatar
- Additional Greek measures likely needed; essential more emphasis placed on structural reform - back in the day "freefall bankruptcy preparation" was not called "structural reform"
- Greece needs additional measures for 2012, 2014 - must be certain future penetration can proceed absent lubrication
- Greece overall made important progress - riotcam viewership is now PeyPerView and is used to pay for G-Pap's 3rd winter vacation
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