Greek debt remains unsustainable: Here is why

Lukkezen, Jasper, (2015), “Greek debt remains unsustainable: Here is why”, Voxeu, 24 Σεπτεμβρίου

After 2018, Greece should have market access. This column argues that without further debt relief, this is unlikely to happen. Under reasonable assumptions, its debt ratio will likely not decline, and the financing burden will increase again. Private investors will take these risks into account and will ask for a risk premium that Greece cannot afford in the long run.

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