Public debt ratio still at elevated levels but servicing costs broadly manageable over the coming decade | Eurobank
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Public debt ratio still at elevated levels but servicing costs broadly manageable over the coming decade

This note presents the second installment of a comprehensive Eurobank Research study on Greece’s sovereign solvency position. In the first installment we examined the attainability of this year’s programme target of generating a balanced general government primary position following a lower than expected deficit of 1.3%-of-GDP in 2012. Moreover, we discussed the case for some new OSI to improve the sustainability of Greek public debt and presented a detailed analysis of the general government borrowing needs and funding sources over the present adjustment programme’s implementation horizon (2012-2016). This note takes a closer look at Greece’s debt rollover risks by extending the aforementioned analysis over a longer forecasting horizon and comparing Greece’s public debt servicing costs to those of other euro area countries.