New Policy Insight | No. 92: Independent report on the Greek official debt
Although Greece's third economic programme gives reason for cautious optimism, the country will require further debt relief. The scale and mechanism of its delivery, however, remain controversial.
This Policy Insight addresses these issues, arguing that any further debt relief plan should be based on realistic long-term assumptions and provide Greece with effective incentives to comply. The authors analyse the set of measures currently considered by the Eurogroup, as well as three additional options: face-value debt reduction and incentives; continued ESM financing; and applying existing Eurogroup measures to a broader debt base.
Read the authors' Vox Column introducing their report on VoxEU.org here: