- Says it is essential and must do so to make Greek debt sustainable
- Greece needs dramatic improvement in public sector efficiency to meet fiscal targets and avoid new wage and pension cuts
- Sees funding gap of €12.6bn after May 2015 and will fall short of 2015 budget surplus target of €2bn or 1% of GDP
- Says adjustment fatigue has set in, making it difficult to move forward with reforms
- Sees 2020 debt to GDP at 128% vs 124% target, 117% vs 110% 2022
Greece’s report card gets marked “must do better” by the IMF
