Monokroussos, Platon, (2017), “State financing needs and sources in 2017 and beyond; evaluation of the agreed short-term debt relief measures & updated DSA”, Eurobank Research, January
This study constitutes an update of a Eurobank Research piece titled “Greece Evaluation of the agreed short-term relief measures & updated sustainability analysis of Greek public debt” that was published in December 2016. It provides a detailed analysis of Greece’s projected public borrowing needs and sources of financing in January 2017 to August 2018 and in the post-programme period up to the year 2060. Furthermore, it draws on the package of short-term debt relief measures endorsed at the Eurogroup of December 5, 2016 (as well as the debt relief framework agreed last May) to provide an updated sustainability analysis of Greek public debt under a range of alternative macro scenarios for the period 2017 to 2060. We believe that the analysis provides a useful framework for evaluating alternative strategies to make Greek public debt sustainable under the new operational definition of sustainability.
- Monokroussos, Platon, (2016), “QE for Greece: a necessary precondition for stabilizing investor sentiment and preventing the need for further official sector financing post-2018”, Eurobank, 25 October
- M. Thomsen, Poul, (2016), “The Case for Making the Greek Budget More Growth Friendly”, IMF, 12 December