Greece will need €14 billion for recovery

Greece will need €14 billion for recovery

 

The IMF, EU and ECB believe that Greece will need €14 billion, rather than €11.5 billion, to cover budget expenses in the next 2 years, RBC reports.

European leaders are searching for finances for Greece. German Finances Minister Wolfgang Schauble says that financing Greece loses point. Greece had to raise taxes and cut expenses.

Germany is the main financial supporter of Greece.

 

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