Settling rising private debt? The IMF has some ideas

Economy Tags: Debt, IMF

The settlement of Greece’s unpaid private debt, estimated at 160 billion euros or 88 percent of GDP, has recently emerged as an important issue in the discussions between the Greek government with the troika.

The amount in question stems from non-performing loans (NPLs) of 77 billion euros, unpaid taxes of 67 billion and unpaid social security contributions of 16 billion.

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