TY  - BOOK
ED  - International Monetary Fund.
TI  - Greece: Preliminary Debt Sustainability Analysis-Updated Estimates and Further Considerations
T2  - IMF Staff Country Reports
SN  - 1484362098 :
SN  - 1934-7685
PY  - 2016///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Debt relief
KW  - imf
KW  - Debt restructuring
KW  - Debt sustainability analysis
KW  - Interest rates
KW  - Greece
N2  - This paper provides preliminary debt sustainability analysis (DSA) of Greece.  Debt was deemed sustainable, but not with high probability, when the first program was adopted in May 2010. The much deeper-than-expected recession necessitated significant debt relief in 2011-12 to maintain the prospect of restoring sustainability. Serious implementation problems caused a sharp deterioration in sustainability, raising fresh doubts about the realism of policy assumptions, especially from mid-2014. Developments since last summer suggest that a realignment of critical policy, and DSA assumptions can no longer be deferred if the DSA is to remain credible. Staff believes that revised program targets remain sufficiently ambitious to warrant continued support from Greece's European partners
UR  - http://elibrary.imf.org/view/IMF002/23388-9781484362099/23388-9781484362099/23388-9781484362099.xml
UR  - http://www.imfbookstore.org/IMFORG/9781484362099
ER  -