Greece Macro Focus: A closer look at public debt service costs and potential strategies to improve sovereign solvency (November 19, 2012) | Eurobank
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Greece Macro Focus: A closer look at public debt service costs and potential strategies to improve sovereign solvency (November 19, 2012)

This brief note constitutes a supplement to our November 16, 2012 Greece Macro Monitor, which presented an updated analysis on public debt dynamics and the evolution of the general government borrowing needs and sources of funding over the period 2012-2022. The note takes a closer look at the current composition of Greece’s public debt stock and its accompanying servicing cost, with the purpose of shedding some additional light on the possibilities that are arguably open 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; and ii) the introduction of additional debt-reducing operations to help restore fiscal sustainability...