So says the EU Commission report just out

  • Greek debt dynamic points to “slight deterioration”
  • funding gap to reach EUR 5.5 bln by May 2015
  • Greek GDP to grow by 0.6% in 2014, 2.9% in 2015
  • debt to GDP ratio to peak at 177.2% this year and down to 125% in 2020
  • Greek economic adjustment programme ” on track”

Greece has said it does not need a third bailout , having had two already since 2010 for a total of EUR 215 bln from the Troika