Skip to content
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
Insolvency GuardianInsolvency Guardian
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact
1300 60 70 60
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact

Greece needs substantial debt relief, surplus targets unrealistic: IMF – Reuters UK

By George Georgiopoulos and Lefteris Papadimas
| ATHENS

ATHENS Greece needs substantial relief to render its debt load sustainable and help set its ailing economy on a recovery path, the International Monetary Fund said in an annual review on Friday.

The review, which is separate from current bailout implementation talks, said debt relief must be calibrated on credible fiscal and growth targets, and noted that current primary budget goals beyond 2018, which exclude debt servicing costs, are unlikely to be reached.

“The authorities’ current targets remain unrealistic, in that they still assume that Greece will attain and sustain primary surpluses of 3.5 percent of GDP for many decades despite double-digi…

Read the full article at: http://uk.reuters.com/article/us-greece-imf-economy-idUKKCN11T1G5

Category: Debt HelpBy Insolvency GuardianSeptember 26, 2016

Post navigation

PreviousPrevious post:Best Oracle makes another try to stop CLIQ’s liquidation – The Star OnlineNextNext post:Restructuring at Comvita results in 23 job losses – New Zealand Herald

Related Posts

Kwon Defends Debt Relief, Rejects Populism, Ensures Moral Hazard Safeguards – 조선일보
July 20, 2026
Online gambling in Brazil is a ‘public health crisis.’ Entertainers are fighting back. – The Washington Post
July 19, 2026
Why your double degree may not be worth the extra HELP debt
July 19, 2026
From creditor to debtor: Nigeria’s long descent from oil wealth to borrowing nation
July 19, 2026
The FE – Titumir calls for global debt relief mechanism
July 19, 2026
The FE – Country’s external debt repayments to far outstrip receipts in three years
July 19, 2026

Greece needs substantial debt relief, surplus targets unrealistic – IMF – Reuters UK

By George Georgiopoulos and Lefteris Papadimas
| ATHENS

ATHENS Greece needs substantial relief to render its debt load sustainable and help set its ailing economy on a recovery path, the International Monetary Fund said in an annual review on Friday.

The review, which is separate from current bailout implementation talks, said debt relief must be calibrated on credible fiscal and growth targets, and noted that current primary budget goals beyond 2018, which exclude debt servicing costs, are unlikely to be reached.

“The authorities’ current targets remain unrealistic, in that they still assume that Greece will attain and sustain primary surpluses of 3.5 percent of GDP for many decades despite double-digi…

Read the full article at: http://uk.reuters.com/article/uk-greece-imf-economy-idUKKCN11T1G1?il=0

Category: Debt HelpBy Insolvency GuardianSeptember 23, 2016

Post navigation

PreviousPrevious post:Shane Ross ‘had no objections’ to Bus Éireann restructuring – Irish TimesNextNext post:EnerNOC Announces Plan to Restructure its Energy Intelligence Software Business – Nasdaq

Related Posts

Kwon Defends Debt Relief, Rejects Populism, Ensures Moral Hazard Safeguards – 조선일보
July 20, 2026
Online gambling in Brazil is a ‘public health crisis.’ Entertainers are fighting back. – The Washington Post
July 19, 2026
Why your double degree may not be worth the extra HELP debt
July 19, 2026
From creditor to debtor: Nigeria’s long descent from oil wealth to borrowing nation
July 19, 2026
The FE – Titumir calls for global debt relief mechanism
July 19, 2026
The FE – Country’s external debt repayments to far outstrip receipts in three years
July 19, 2026
Insolvency Guardian
© Insolvency Advisory Accountants Pty Ltd trading as Insolvency Guardian Australia.

Disclaimer

Go to Top
Call Now Button