Greece Talks on Hold; IMF Admits Haircuts Needed as Surplus Turns to Deficits
MishTalk
MAY 5, 2015
Under a November 2012 agreement between Athens and its international creditors, Greece is scheduled to cut its debt levels to 120 per cent of gross domestic product by 2020 and “substantially lower” than 110 per cent by 2022. per cent of gross domestic product this year. per cent of GDP in 2014 to 170.2 per cent this year.
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