A ‘broader concept of debt sustainability’ for Greece (feat. OSI-lite)
FT Alphaville » Eurogroup 2013-08-01
Summary:
The IMF's desired target of a 120 per cent debt-to-GDP ratio by 2020 has been replaced by 124 per cent by the same date -- thanks in large part to official creditors taking a lower interest rate on repayments from the original bailout. A lot also seems to hinge on the Greek debt 'buyback boondoggle', which is now well and truly on the table.
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