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In the NZZ, René Höltschi reviews the Greek debt crisis since October 2009.
Read More »Nine Years of Greek Debt Crisis
In the NZZ, René Höltschi reviews the Greek debt crisis since October 2009.
Read More »The IMF “In Principle” Approves Funding For Greece
In the FT, Mehreen Khan reports about the IMF’s conditional acceptance to lend to Greece. The IMF’s “agreement in principle” (AIP) tool draws on a practice where the fund is able to greenlight its involvement in a debtor country, conditional on the government and its creditors agreeing to future debt relief measures. Of course, the dispute about the merits of debt relief is unresolved. The IMF thinks Greek debt is ‘unsustainable’ and the European creditors should bear more losses, earlier...
Read More »Short-Term Debt Measures to Help Greece
The Eurogroup has approved short-term debt measures for Greece. The explanations on the ESM website are not very precise. A chronology of the Greek debt crisis and the European institutions.
Read More »Greek Debt: Now and Then
In the FT, Mehreen Khan offers a “Greek debt dilemma cheat sheet.” Face value: EUR 321 billion, thereof EUR 248 billion owed to official creditors. Official creditors: Eurozone countries (Greek loan facility), eurozone rescue funds (EFSF and ESM), IMF, ECB. Maturity profile: IMF proposal for restructuring:
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