European Commission's Greek DSA sees recession ahead, debt becoming unsustainable

EconomyProgramme Tags: Debt

Ahead of the Eurogroup meeting on Friday, the European Commission prepared an updated Debt Sustainability Analysis (DSA), which was published by the Wall Street Journal.

All three scenarios end up with a debt to GDP ratio way above the November 2012 Eurogroup targets of 124 percent in 2020 and substantially below 110 percent in 2022.

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