"Greece will require additional financing, which may take the form either of official-sector involvement or of additional loans, hopefully on more favourable terms," Thanos Catsambas, a former assistant director at the IMF's Fiscal Affairs department, told the Wall Street Journal. Mr Catsambas, who represents Greece at meetings between "troika" officials at the EU, IMF and European Central Bank, added that the previous coalition government under Lucas Papademos estimated that "only 22pc of the commitments under the troika-supported program were implemented" in 2011. Greece has repeatedly missed the fiscal targets ... (full story)