Filed under: Forecasts, Financial Crisis
Will Greece be able to pay an estimated €340 billion or $431 billion in debt in 2013, post intervention, up from the current €270 billion or $342 billion today?
The calculation here is that Greece, which is presently dependent on International Monetary Fund assistance to meet its obligations, will be able to do it, but it will be a close call.
Investors presently demand about 10.6% from Greece to borrow money for 10 years, while fellow eurozone nation Germany, obviously in a magnitude better fiscal position, pays 3.35%. In contrast, the United States pays just 2.56%.
Continue reading Will Greece Be Able to Pay Back Its Debt?
Will Greece Be Able to Pay Back Its Debt? originally appeared on BloggingStocks on Fri, 20 Aug 2010 14:00:00 EST. Please see our terms for use of feeds.
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International Monetary Fund – Germany – Greece – United States – Debt
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