Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability

EconomyProgramme Tags: Debt, EC, GDP
Photo by MacroPolis
Photo by MacroPolis

The report for the eighth post-programme review published last week included an update of the debt sustainability analysis (DSA) for Greece, the first revision since the one conducted in the context of the fifth review at the start of the year, before the pandemic struck.

The European Commission notes that, as of the end of September, Greece had a cash reserve of 34.5 billion euros, with an actual cash buffer that was built through ESM disbursement untouched at 15.7 billion euros. The overall cash reserve means Greece is...

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