Greece - Public debt restructuring strategies & evaluation of the agreed framework for debt relief
Greece Focus Notes
21 June 2016
The study provides a detailed analysis of Greece’s future borrowing needs and gross public debt ratio based on the macroeconomic assumptions and the OSI modalities presented in the aforementioned publications. Furthermore, it compares these estimates with the estimates derived from a number of alternative scenarios, assuming different sets of macroeconomic conditions and fiscal policy targets. We believe that the analysis provides a useful framework for evaluating alternative strategies to make Greek public debt sustainable under the new definition of sustainability.