View full page at forexfactory.com

 

New IMF DSA Draft: 4 Options To Cut Greek Debt/GDP To 120% By 2020

From efxnews.com

The International Monetary Fund now expects Greece's debt at 129% of gross domestic product in 2020, three people with direct knowledge of a draft debt-sustainability analysis put together by the IMF said on Sunday. That is even further above the level most economists consider sustainable than previously thought, making it more difficult than ever to argue that the country can ever repay its debts. The IMF is proposing four options for Greece's official lenders to bring the ratio down toward the 120% level that was thought of as 'sustainable' in the last debt-sustainability analysis put together in October. Euro-zone ... (full story)

Story Stats

  • Posted:
  • Category: Low Impact Breaking News