IMF to insist on ‘unsustainable debt’ and say banks need 10 bln euros

ArticleDebt crisisAugust 17, 2017 - 8:51:24 AM

Bond markets responded calmly on Friday to the debt sustainability analysis (DSA) of the International Monetary Fund, which found Greece’s debt exceptionally unsustainable, while deciding to participate in the Greek bailout program with 1.6 billion euros. The markets’ reaction allows for the government to issue the five-year bond as early as on Monday.

The International Monetary Fund has again found that Greece’s debt is unsustainable under every scenario, according to the report the Executive Council will be discussing on Thursday to decide on the Fund’s participation in the Greek program, sources say.

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