The sustainability of the Greek debt over time is one of the major issues tackled by world economists and a new report by the EU Commission notes that it’s projected trajectory is worse than originally calculated.
The report by the European Commission, revealed by Bloomberg, was compiled before last Friday’s Euro Working Group meeting, in which the eurozone’s deputy finance ministers examined the course of Greek reforms and fiscal discipline measures agreed under the country’s bailout programme.
According to the commission’s baseline scenario, Greece’s debt-to-GDP ratio is expected to reach 181.1 % in 2017, 165 % in 2020, 127.2 % in 2030 and 96.4 % in 2060, forecasts that are slightly higher than what was expected at the end of the last review in June.
Source: Bloomberg
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Source: greekreporter.com
