Displaying items by tag: greek debt sustainability

After the disappointing news from the European Central Bank President, Mario Draghi, yesterday who ruled out the inclusion of Greece in the quantitative easing (QE) and the continued supply of cheap liquidity to Greek banks after August 20th, the International Monetary Fund is convening on Friday afternoon in its Washington headquarters to decide whether the Greek debt is sustainable.

The short-term measures on Greece’s debt that the European Stability Mechanism (ESM) is preparing will be presented at December’s Eurogroup, ESM’s Managing Director Klaus Regling said after the Eurogroup meeting in Brussels on Monday.