IMF says Greece debt 'explosive' in long term

Debt burden of Greece will require 'significant debt relief' from European institutions

IMF says Greece debt 'explosive' in long term
A vendor waits for customers outside his shop in central Athens, Greece
AFPPress Trust of India Washington
Last Updated : Jan 27 2017 | 10:55 PM IST
Greece's government debt remains "highly unsustainable," and will be "explosive" in the longer run, requiring a more credible debt relief plan from Europe, the International Monetary Fund said in a report.

Addressing the debt burden of the beleaguered nation will require "significant debt relief" from European institutions, the IMF said in its annual report on the Greek economy, which includes a debt sustainability analysis.

The IMF board is due to discuss the report February 6.
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First Published: Jan 27 2017 | 10:48 PM IST

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