IMF finally says what they think about Greece

Author: Ryan Littlestone | Category: News

IMF report on Greece seen by Reuters

  • Says Greece needs debt relief far beyond what Europe has been willing to consider so far
  • Updated debt sustainability analysis projections are subject to considerable downside risks
  • Greek borrowing at anything below AAA rates would cause an unsustainable debt dynamic for decades
  • Eurozone creditors alternatives is either annual transfers to Greek budget or deep upfront haircuts
  • Debt expected to peak at 200% of GDP in next two years
  • Greece's Gross financing needs to rise above 15% GDP threshold deemed safe

The IMF have been for bigger haircuts to Greece throughout the saga


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