Greece: update on public finances
16/03/2015
The State primary budget balance has returned almost in line with the target, but mostly due to expenditure cuts. Revenues continue to underperform.
The State primary budget balance has returned almost in line with the target, but mostly due to expenditure cuts. Revenues continue to underperform.
Contrary to the IFO institute, we conclude that German losses on both official and private claims would be much higher if Greece exits the euro
There are options to reduce the net present value of Greek public debt servicing costs by more than 15 percent of GDP without incurring losses on creditors