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Monday, April 4, 2016

Greece: On The Way Towards 800% Indebtedness?

Below is a baseline long-term fiscal scenario for Greece. It was put together in 2009 on the assumption that nothing would ever change. In that scenario, Greece's indebtedness would reach almost 800% of GDP by the 2050s.

Since the figures are very difficult to read, I link below the report from which they came. A very interesting report, by the way, and one wonders why its recommendations were never heeded.

IMF Country Report - Greece; August 2009

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