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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
The International Monetary Fund's updated Debt Sustainability Analysis (DSA) sees Greek debt as being highly unsustainable and stresses that even with the full implementation of the policies included in the third eurozone bailout programme, both debt and financing needs will become explosive in the long-run.
This largely reflects Greece’s inability, according to the IMF, to be financed in the markets at low rates replacing at the same time the existing official sector financing at very favourable interest rates. The Fund also stresses that even if additiona...
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