000 02272nam a22003614a 4500
001 1GRCEA2016001
003 IMF
005 20190405191016.0
006 m o d
007 cr cn|||||||||
008 020129s2016 dcu o i00 0 eng d
020 _a1484362098 :
_c18.00 USD
020 _z9781484362099
022 _a1934-7685
024 7 _a10.5089/9781484362099.002
_2doi
035 _a(IMF)1GRCEA2016001
040 _aDcWaIMF
_beng
110 2 _aInternational Monetary Fund.
_bEuropean Dept.
245 1 0 _aGreece
_h[electronic resource] :
_bPreliminary Debt Sustainability Analysis-Updated Estimates and Further Considerations.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2016.
300 _a1 online resource (23 p.)
490 1 _aIMF Staff Country Reports
520 3 _aThis 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.
588 _aDescription based on print version record.
650 7 _aDebt relief
_2imf
650 7 _aDebt restructuring
_2imf
650 7 _aDebt sustainability analysis
_2imf
650 7 _aInterest rates
_2imf
651 7 _aGreece
_2imf
776 0 8 _iPrint Version:
_tGreece: Preliminary Debt Sustainability Analysis-Updated Estimates and Further Considerations
_dWashington, D.C. : International Monetary Fund, 2016.
_z9781484362099
830 0 _aIMF Staff Country Reports
856 4 0 _uhttp://elibrary.imf.org/view/IMF002/23388-9781484362099/23388-9781484362099/23388-9781484362099.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781484362099
_zIMF Book Store
999 _c162005
_d162005