EU publishes Greece assessment, sees debt reprofiling


  • World
  • Wednesday, 15 Jul 2015

BRUSSELS (Reuters) - The European Commission published on Wednesday its assessment of Greece's bailout request, taking a different view of Athens' debt sustainability than the IMF, but also signalling a possibility of debt relief.

A day after the IMF published its latest assessment, saying Greece would require extensive debt relief from its mostly euro zone sovereign creditors, the EU executive's note said the Greek debt-to-GDP ratio would be 150 percent in 2022 if Athens implemented reforms, but could reach 176 percent if it did not.

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