EU Said to Have Reservations on Greek Debt Sustainability
Greek Economy Surprises With 0.8% GDP Surge in 2Q
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European institutions voiced “serious concerns” about Greece’s ability to repay its debt as Prime Minister Alexis Tsipras prepared for a renewed showdown with party rebels in parliament to try to pass a third bailout.
Greece’s obligations will peak at 201 percent of gross domestic product next year, before dropping to 160 percent in 2022 under a new rescue program, according to European institution projections in a document obtained by Bloomberg. That exceeds the 120 percent level sought in the past by the International Monetary Fund before putting its own money on the line.