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Image header Agence Europe
Europe Daily Bulletin No. 11714
Contents Publication in full By article 11 / 26
ECONOMY - FINANCE - BUSINESS / greece

European institutions not alarmed over future level of Greek debt

The European Commission and the European Stability Mechanism (ESM), the permanent bailout fund of the Eurozone, see no reason for an "alarmist" assessment of the viability of the Greek debt, the two institutions said after an internal IMF document was leaked.

In this document, the International Monetary Fund predicts that the Greek debt could mushroom to 275% of GDP by 2060. By 2020, the Washington-based institution forecasts Greek debt to stand at 170% of GDP, dropping to 164% two years...

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