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4
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English
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Documents
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2015
Description
July 14, 2015 IMF Country Report No. 15/186 GREECE AN UPDATE OF IMF STAFF’S PRELIMINARY PUBLIC DEBT SUSTAINABILITY ANALYSIS Greece’s public debt has become highly unsustainable. This is due to the easing of policies during the last year, with the recent deterioration in the domestic macroeconomic and financial environment because of the closure of the banking system adding significantly to the adverse dynamics. The financing need through end-2018 is now estimated at Euro 85 billion and debt is expected to peak at close to 200 percent of GDP in the next two years, provided that there is anearly agreement on a program. Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far. Copies of this report are available to the public from International Monetary FundPublication Services PO Box 92780Washington, D.C. 20090 Telephone: (202) 623-7430Fax: (202) 623-7201 E-mail:publications@imf.org Web:http://www.imf.org Price: $18.00 per printed copy International Monetary Fund Washington, D.C. © 2015 International Monetary Fund GREECE: ANUPDATE OFIMF STAFF’SPRELIMINARYPUBLICDEBTSUSTAINABILITYANALYSIS Greece’s public debt has become highly unsustainable.
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Publié par
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Publié le
15 juillet 2015
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Langue
English