Greece Is Playing The EU; This Really Is Quite Incredible: IMF: Greek Bailout Not Big Enough, Needs Another $14.6 Billion By End of 2015.

Sounds a lot like Mr O'Bama; never enough money.

And the outlook could be even worse -- if the IMF/Greece assumptions are too optimistic.

Well, you know that will happen. You really believe that Greece will meet targets by 2015. LOL.

The Wall Street Journal is reporting:

Greece faces an additional financing shortfall of nearly €11 billion ($14.6 billion) by the end of 2015, the International Monetary Fund said on Wednesday, warning that the gap could be bigger if growth falls short of estimates.

That figure is higher than earlier euro-zone projections, and combined with the IMF's estimate of the amount of debt relief Athens needs, could force Europe to cover any extra financing needed to keep Greece afloat, including potential write-offs of rescue loans extended to Greece over the past three years, in order to make the country's debt load sustainable.

That puts the IMF at odds with the euro zone's strongest member, Germany, where the government is avoiding talk of debt reductions and new Greek loans ahead of elections in September.

But if the Germans don't mind paying for the Greeks and their vacations, that's fine with me; I have no dog in this fight. This is simply here for archival purposes.

Greek GDP: $290 billion (2011) and probably less now. Several US companies have market caps greater than Greek's GDP, including General Electric at $250 billion.

What an incredible basket case, and the Germans keep paying for this craziness. And the Greeks do this without nuclear missiles, the preferred method for North Koreans to extract concessions from the West.