Greek debt could go above 140 percent of GDP in 2020, ECB says

BRUSSELS: Greece will fail to reduce its debt burden to a manageable level by 2020 with current policies, European Central Bank policymaker Joerg Asmussen told Belgian daily De Tijd, forecasting the target set by creditors will be widely missed.

Greece's second international bailout in March was supposed to make its debt sustainable by 2020, falling to 116.5 percent of economic output, but two elections and months of delays in agreed polices have thrown targets off course.