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Published on Tuesday, December 22, 2009 | Updated on Wednesday, June 22, 2016

Stabilizing Greek debt requires sustained adjustment

Stabilizing Greek debt at 125% of GDP by 2015 would require sustained structural consolidation effort of almost 4pp per year. Reaching the Maastricht 3% criterion by 2014 would require a softer effort, but still high (2.8pp per year). Debt ratios would jump to over 150%.