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As foreseen, the deal is expected to lower Greece’s debt to 120 percent of its gross domestic product by 2020 from about 150 percent currently. But the I.M.F. in particular has become pessimistic about Greece’s ability to recover economically and believes its debt burden must decrease at a faster rate.
Within the fund, as well as in Europe, there is a view that the private sector needs to pay a larger share. Europe’s sickly banks counter that they are in no position to take on more losses.
BTW, Who runs Greece?