Greek debt expected to peak at 200% of GDP in next two years – IMF

FXStreet (Mumbai) – The International Monetary Fund (IMF) report on Greece reported by Reuters says the fund expects the Greek debt to peak at 200% of GDP in next two years.

The IMF is of the opinion that Greece needs debt relief far beyond what the EU has been willing to consider so far. The fund cites two alternatives available to creditors – annual transfers to the Greek budget or deep upfront haircuts.

The IMF also believes that Greek borrowing at anything below AAA rates would cause an unsustainable debt dynamic for decades.

The International Monetary Fund (IMF) report on Greece reported by Reuters says the fund expects the Greek debt to peak at 200% of GDP in next two years.

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