Greece’s gross financing needs for the next two years amount to € billion, of which € billion will be covered by the primary surplus and the privatisation agenda, and there is an existing cash buffer already from the 2018 debt issues and from repos.
My personal view is that due to: a) adverse capital market conditions globally, the return of volatility and higher oil prices, inverted US yield curves as a result of monetary policy tightening, the widening Libor-OIS spreads, which exert pressure on the US dollar money market, the recent US dollar strength vis-à-vis other main currencies.