(BN) *GREEK DEBT SEEN BY TROIKA AT 129% OF GDP BY 2020

They couldn’t predict January budget shortfall within a billion, but yeah, they’ve got it all figured out until 2020.  The market seems to be rallying on headlines that Europe is back to progressing on the bailout and some decent economic news.  They haven’t prepared for default, so they aren’t about to announce it yet, but I would remain extremely skeptical that anything works out.

 

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 BN 02/16 15:29 *ECB HOLDINGS, LOWER BAILOUT-LOAN RATES EYED TO CURB GREEK DEBT

 BN 02/16 15:29 *GREEK DEBT SEEN BY TROIKA AT 129% OF GDP BY 2020, OFFICIALS SAY

 BN 02/16 15:29 *GREECE DEBT LEVEL SEEN EXCEEDING TARGET WITHOUT MORE MEASURES

 BN 02/16 15:29 *EURO MINISTERS SAID TO AIM TO APPROVE DEBT SWAP FEB. 20

 BN 02/16 15:29 *FRANCE SAID TO PROPOSE GREEK HAIRCUTS BY NATIONAL CENTRAL BANKS

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ECB Holdings, Lower Bailout-Loan Rates Eyed to Curb Greek Debt

2012-02-16 15:29:46.39 GMT

By Janet Freund

     Feb. 16 (Bloomberg) —

 

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