Greece : Preliminary Debt Sustainability Analysis-Updated Estimates and Further Considerations.
This paper provides preliminary debt sustainability analysis (DSA) of Greece. Debt was deemed sustainable, but not with high probability, when the first program was adopted in May 2010. The much deeper-than-expected recession necessitated significant debt relief in 2011-12 to maintain the prospect o...
| Awdur Corfforaethol: | |
|---|---|
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
2016.
|
| Cyfres: | IMF Staff Country Reports; Country Report ;
No. 2016/130 |
| Mynediad Ar-lein: | Full text available on IMF |
| Crynodeb: | This paper provides preliminary debt sustainability analysis (DSA) of Greece. Debt was deemed sustainable, but not with high probability, when the first program was adopted in May 2010. The much deeper-than-expected recession necessitated significant debt relief in 2011-12 to maintain the prospect of restoring sustainability. Serious implementation problems caused a sharp deterioration in sustainability, raising fresh doubts about the realism of policy assumptions, especially from mid-2014. Developments since last summer suggest that a realignment of critical policy, and DSA assumptions can no longer be deferred if the DSA is to remain credible. Staff believes that revised program targets remain sufficiently ambitious to warrant continued support from Greece's European partners. |
|---|---|
| Disgrifiad o'r Eitem: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Disgrifiad Corfforoll: | 1 online resource (23 pages) |
| Fformat: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Mynediad: | Electronic access restricted to authorized BRAC University faculty, staff and students |