IMF: Greece debt could blow up to 250% of GDP by 2060 – BBC

18:01 (Il Sole 24 Ore Thomson Plus) – New York, may 23 – the international Monetary Fund estimated that the public debt in Greece, currently around 180% of GDP, will explode to 250% by 2060. And ‘what emerges from the analysis of the sustainability’ of the Athens debt, widespread on the eve of a meeting that promises to be tense. According to the Washington Institute estimates, the Greek debt will be ‘around 174% of GDP by 2020 and to 167% by 2022. The debt and’ then gradually decline seen just below 160% of GDP by 2030 before rebounding in fact reaching the astronomical sum in 2060. The reason? “The cost of debt, which rises over time with funding to the market that replace highly subsidized funding, more ‘than offsetting the debt relief given by the effects of the growth of a primary budget surplus”. The IMF also notes that the gross financing needs (NSG) have exceeded 15% of GDP already ‘in 2024 and 20% in 2029 rising to 30% by 2040 and then reaching close to 60% by 2060. yet, he notes the Fund, so that ‘the greek debt is sustainable, the gross financing requirements are expected to remain not only below 15% of GDP but also below 10% until 2040, rising to 20% by 2060. A24- Spa (RADIOCOR) 05/23/16 18:00:48 (0629) 3