In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented

EconomyProgramme Tags: Debt, EC
Photo by Sebastien Bertrand via Flickr
Photo by Sebastien Bertrand via Flickr

In its compliance report for the first programme review, the European Commission (EC) included an updated debt sustainability analysis (DSA). This takes into account the milder recession and higher fiscal outcome in 2015 and lower bank capital needs.

The Commission’s baseline scenario (A) assumes:

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