Greece Needs Additional $11B To Make It Through 2015

Less than a year since Greece’s last round of budget negotiations and there is already a major shortfall, €11 billion according to IMF estimates, but probably even more according to Citi Research analyst Giada Giani. Many critics of the first deal thought that it was unrealistic, papering over the real challenges that Greece is facing, and this will give them more reason to wonder if it’s time for Greece to leave the Eurozone. Debt crisis in Greece So far Greece has received €215 billion in international loans and is slated to get another €42 billion over the next three years,…