Greek debt will be above the target of 120 percent of GDP in 2020, a preliminary report by the IMF showed late on Thursday, and Athens will need more reforms before emergency credit from international lenders can start flowing again.
An anonymous eurozone offficial was quoted as saying “It is clear that Greece is off track and there is no chance they will cut the debt to 120 percent of GDP in 2020 as envisaged. It will be rather 136 percent, and this would be under a positive scenario of a primary budget surplus, a return to economic growth, and privatisation”
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