Although he said he remained optimistic about resolving the issue, he expressed the IMF’s continuing reservations on the viability of the Greek debt
debt relief
This would also facilitate the country's access to the ECB's quantitative easing programme
The auditors emphasized that the objectives of the Programmes had been achieved “only to a limited extent” because Greece remained unable to tap international financing markets
Dijsselbloem: "The signals are very positive but there is still a lot of work to be done, especially with regards to the implementation of reforms"
The country would have to sustain unfeasible yearly primary surpluses at least until 2060!
The country’s path during the years of crisis was due to a series of other factors beyond debt sustainability
Indeed, the Greeks were repeatedly blamed for failures that stemmed from the policy itself...
The process will require a series of successful bond sales & the build-up of a "sizeable" cash buffer
The Eurozone members had agreed to hand any profits back to the Greek central bank, but the pay-back operation was brought to a halt in 2015 for political reasons...
The timing of its bond market comeback is unknown but it is a crucial step & doing it early could be a mistake