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

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose