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Goldman Says IMF, Greece May Negotiate EU20 Billion Aid Program

The International Monetary Fund may ultimately hand Greece an aid program worth about 20 billion euros ($27 billion) over 18 months, according to Goldman Sachs Group Inc.

The cash-strapped nation may ask the Washington-based lender for support within weeks and “very likely” in a few months as it struggles to cut the biggest budget deficit in the European Union, Goldman Sachs’s Chief European Economist Erik Nielsen said in an e-mailed note to clients today. European leaders start talks in Brussels today.
Bloomberg

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Posted by Staff at 7:27 am UTC, 05/23/2012
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May
23
Today’s Global
Market Events
All Day

EUR
EU Economic Summit
8:30am

CAD
Core Retail Sales m/m
0.5% vs. 0.5%
CAD
Retail Sales m/m
0.4% vs. -0.2%
CAD
Leading Index m/m
0.3% vs. 0.4%
10:00am

USD
New Home Sales
335K vs. 328K
USD
HPI m/m
0.4% vs. 0.3%
10:30am

USD
Crude Oil Inventories
0.8M vs. 2.1M
6:45pm

NZD
Trade Balance
400M vs. 134M
10:00pm

NZD
Annual Budget Release
10:30pm

CNY
HSBC Flash Manufacturing PMI
49.3