4 ms·
Considering their 8+ years of negative GDP growth, there's not a lot to point out that they won't go bankrupt or will be able to service their debt when they ha
by lhl 10y ago
Considering their 8+ years of negative GDP growth, there's not a lot to point out that they won't go bankrupt or will be able to service their debt when they have to start paying again (2022) anyway. From the most recent IMF projections (May 2016 [1]), without debt restructuring: "Gross financing needs cross the 15 percent-of-GDP threshold already by 2024 and the 20 percent threshold by 2029, reaching around 30 percent by 2040 and close to 60 percent of GDP by 2060."
[1] https://www.imf.org/external/pubs/ft/scr/2016/cr16130.pdf https://www.imf.org/external/pubs/ft/scr/2016/cr16130.pdf