Greece: Preliminary Draft Debt Sustainability Analysis

July 2, 2015

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Greece: Preliminary Draft Debt Sustainability Analysis, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This paper analyzes the debt sustainability in Greece. At the last review in May 2014, Greece’s public debt was assessed to be getting back on a path toward sustainability, though it remained highly vulnerable to shocks. By late summer 2014, with interest rates having declined further, it appeared that no further debt relief would have been needed under the November 2012 framework, if the program were to have been implemented as agreed. But significant changes in policies since then are leading to substantial new financing needs. To ensure that debt is sustainable with high probability, Greek policies will need to come back on track.

Subject: Debt sustainability, Debt sustainability analysis, Economic sectors, External debt, Privatization, Public debt

Keywords: CR, Current account, Debt, Debt burden benchmark, Debt dynamics, Debt stock, Debt sustainability, Debt sustainability, Debt sustainability analysis, Europe, GDP, GDP ratio, GDP target, Interest rate, ISCR, Privatization, Real GDP

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/165
Stock No:

1GRCEA2015001
ISBN:

9781513512358
ISSN:

1934-7685

Notes

Nine Key Questions on Greece
Read the the Update Debt Sustainability Analysis (DSA) -- July 14, 2015.

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