BoG report outlines benefits of surveillance and scenarios for debt

EconomyBanking Tags: BoG, Debt, Eurogroup
Photo by MacroPolis
Photo by MacroPolis

In the Monetary Policy report that was issued on Monday, Bank of Greece (BoG) dedicates a section on the completion of the third programme based on the agreement that was reached at the June 21 Eurogroup, the post-programme surveillance and BoG’s own debt sustainability analysis (DSA) that examines the impact of the recently agreed debt relief measures on a couple of scenarios with adverse fiscal and interest rate outcomes.

In previous sections in the report, BoG argued that the enhanced surveillance framework for Greece could have the positive impact of the political establishment remaining on the reform path and fiscal commitments, acting as a backstop that could facilit...

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