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.

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell