Greece : An Update of IMF Staff’s Preliminary Public Debt Sustainability Analysis

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

July 14, 2015

Electronic Access:

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Summary:

This paper presents an update to IMF staff’s Preliminary Public Debt Sustainability Analysis on Greece. Greece’s public debt has become highly unsustainable. This is owing to the easing of policies during 2014, with the recent deterioration in the domestic macroeconomic and financial environment because of the closure of the banking system adding significantly to the adverse dynamics. The financing need through end-2018 is now estimated at euro 85 billion, and debt is expected to peak at close to 200 percent of GDP in the next two years, provided that there is an early agreement on a program.

Series:

Country Report No. 15/186

Subject:

Notes:

Read the the Preliminary Draft Debt Sustainability Analysis (DSA). See also: Nine Key Questions on Greece.

English

Publication Date:

July 14, 2015

ISBN/ISSN:

9781513507101/1934-7685

Stock No:

1GRCEA2015002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

4

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