Debt Isn't Killing Greece. Its Leaders Are; The country was poised for 3% growth before Syriza took power. More debt relief would reward loony policies

With the "voluntary" haircut for privately held Greek bonds in February 2012 and adjustments to the maturities and interest rates on debt held by other governments in late 2012, Europe reduced the net present value of Greek public debt by 40%. [...]Greece's debt ratio will rise above...

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Bibliographic Details
Published in:The Wall Street journal. Eastern edition 2015-07-17
Main Author: Schmieding, Holger
Format: Newspaper Article
Language:English
Subjects:
Debt cancellation
Debt restructuring
Economic growth
GDP
Gross Domestic Product
Public sector
Online Access:Get full text
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Summary:With the "voluntary" haircut for privately held Greek bonds in February 2012 and adjustments to the maturities and interest rates on debt held by other governments in late 2012, Europe reduced the net present value of Greek public debt by 40%. [...]Greece's debt ratio will rise above 187% in 2015 and 2016.
ISSN:2574-9579