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

Publication Date: July 14, 2015
Electronic Access: Free Full text (PDF file size is 433KB).
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Summary: Greece’s public debt has become highly unsustainable. This is due to the easing of policies during the last year, 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. Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far.
Series: Country Report No. 15/186
Subject(s): Debt sustainability analysis | Public debt | External borrowing | Economic growth | Privatization | Fiscal reforms | Greece

Notes Read the the Preliminary Draft Debt Sustainability Analysis (DSA). See also: Nine Key Questions on Greece.
Publication Date: July 14, 2015
ISBN/ISSN: 9781513507101/1934-7685 Format: Paper
Stock No: 1GRCEA2015002 Pages: 4
US$18.00 (Academic Rate:
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