45 bil. euros in 6 months for Greece to remain in the memorandum and the euro

As long as the tranches for our country freeze, the "Chinese water torture" keeps going, placing at the disposal of the next government a 45-billion-euro capital to avert the country's default.

According to European Commission figures, Greece’s funding program stands at 237.5 billion euros for 2010-2014, exceeding 100% of the Greek GDP.

Of this, Greece had received 147.5 billion euros by May 2012 with the two memoranda. 38 billion were given in 2010, 35 in 2011 and 74.5 this year until May. 90 billion euros remain to be disbursed by 2014.

However, the May tranche of 5 billion euros was cut by 1 billion, which will be paid after the June elections, while the June tranche of 4.2 billion has also been delayed.

Based on the loan agreement, we still have 45.9 billion euros to collect in the second semester of 2012. 23.8 will be given to support the Greek banks through recapitalization. The rest is to cover the cash deficit of the budget and bond repayments that remained outside the PSI. 22.7 billion will be paid in 2013 and 21.4 in 2014.

An additional 15 billion euros from the NSRF will have be added to the 90 billion to be disbursed by 2014, and at least 10 billion by leverage with loans from the EIB. As everything indicates, the EU and the IMF will continue to provide loans and guarantees for our country after 2015, if Greece is not able then to return to the bond markets for loans.