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

July 14, 2015

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Greece: An Update of IMF Staff’s Preliminary Public Debt Sustainability Analysis, (USA: International Monetary Fund, 2015) accessed September 18, 2024

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.

Subject: Commercial banks, Debt sustainability, Debt sustainability analysis, External debt, Financial institutions, Fiscal policy, Public debt sustainability analysis

Keywords: Commercial banks, CR, Debt dynamics, Debt relief, Debt sustainability, Debt sustainability analysis, Debt sustainability point, Europe, Financing, Financing need, GDP, GDP threshold, Greece, Greece's debt, Gross financing, ISCR, Need, Public debt sustainability analysis

Publication Details

Pages:

4
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/186
Stock No:

1GRCEA2015002
ISBN:

9781513507101
ISSN:

1934-7685

Notes

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

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