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Sunday, April 9, 2017

Does Greece Need More Official Debt Relief? If So, How Much? | PIIE

Does Greece Need More Official Debt Relief? If So, How Much? | PIIE

Creditor countries and international organizations continue to disagree whether Greece should receive additional official debt relief, and if so how much. This paper first shows that these disagreements can be attributed to competing assumptions about Greece’s future capacity to repay, particularly about economic growth and the fiscal primary balance. 

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