Greece Macro Focus: Now, more than ever, fiscal sustainability requires stabilization of domestic output dynamics (November 16 , 2012) | Eurobank
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Greece Macro Focus: Now, more than ever, fiscal sustainability requires stabilization of domestic output dynamics (November 16 , 2012)

Now, more than ever, fiscal sustainability requires stabilization of domestic output dynamics. This technical note presents an updated analysis on Greece’s debt dynamics and the evolution of the general government borrowing needs and sources of funding over the extended fiscal adjustment implementation horizon and beyond. In addition, an updated analysis is provided on a number of possibilities that are open, in theory, to official lenders ahead of the crucial November 20 Eurogroup, as regards: i) ways to finance the government borrowing gap ensuing from the 2-year extension in the country’s fiscal consolidation programme (as well as past programme implementation slippages); and ii) the introduction ...