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Sunday, February 19, 2012

WSJ: IMF report shows Greek Debt situation worse than expected

by Calculated Risk on 2/19/2012 04:46:00 PM

Not a surprise ... from the WSJ: IMF Draft Sees Greek Debt Reaching 129% of GDP in 2020

The International Monetary Fund now expects Greece's debt to reach 129% of the country's gross domestic product in 2020 ... That is even further above the level most economists consider sustainable than previously thought, making it more difficult than ever to argue that the country can ever repay its debts.

Despite this, a number of signs last week had indicated that there was still enough political will in the euro zone to go ahead with a new, enhanced rescue package.
It still sounds like something will be worked out. We will know soon. Here are a few key dates for Greece.

Summary for Week ending February 17th
Schedule for Week of February 19th