IMF: Greek public debt below 150% of GDP by 2027
The updated forecasts are listed in the Fiscal Monitor report, which was released on Thursday.
The updated forecasts are listed in the Fiscal Monitor report, which was released on Thursday.
The historic 23 November plunge of the Turkish lira was triggered by the decision of Recep Tayyip Erdogan the previous day to declare an 'economic war of independence'.
Even if the worst-case projections of the IMF are belied there is no doubt that this will be a year of deep recession and Greece will be confronted with an army of unemployed.
Despite Greece’s ten-year economic crisis there were no changes in the qualitative characteristics of the economy and thus it is extremely vulnerable to external factors.
' Governments around the world would need to mobilise at least $2.5 trillion to support developing nations. Rich countries have shown that at this time of crisis they can mobilize trillions of dollars to support their own economies'
As long expected, Greece will pay off early its high-interest loans from the IMF.
In the framework of an evaluation of the bailout programmes that were implemented between 2008 and 2017, the Executive Board of the Fund has in many instances pinpointed important miscalculations and omissions.
Peter Dolman, who heads the Fund's team on Greece, said that the PM's planned 120 instalments to pay delinquent debt to insurance funds and the tax bureau are a threat to the culture of payment.
Διαχειριστής - Διευθυντής: Λευτέρης Θ. Χαραλαμπόπουλος
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