IMF says Greece debt ‘explosive’ in long term - News Summed Up

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IMF says Greece debt ‘explosive’ in long term


The IMF board is due to discuss the report 6 February. Photo: BloombergWashington: Greece’s government debt remains “highly unsustainable,” and will be “explosive” in the longer run, requiring a more credible debt relief plan from Europe, the International Monetary Fund (IMF) said in a report. Addressing the debt burden of the beleaguered nation will require “significant debt relief” from European institutions, the IMF said in its annual report on the Greek economy, which includes a debt sustainability analysis. The IMF board is due to discuss the report 6 February.


Source: Mint January 27, 2017 17:26 UTC



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