Greek Debt - The Endgame Scenarios
27 Pages Posted: 14 Apr 2011 Last revised: 23 Apr 2011
Date Written: April 18, 2011
Abstract
Perhaps Greece - a country with a debt to GDP already approaching 150 percent and set to move even higher - avoids a debt restructuring. Perhaps not.
What are the possible scenarios if Greece cannot return to the capital markets to refinance this gargantuan debt stock once its EU/IMF bailout package expires in two years time? What would a Greek debt restructuring look like after mid-2013? And (sharp intake of breath here) what would happen if such a debt restructuring were undertaken before that point?
Keywords: sovereign debt
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Withdrawal and Expulsion from the EU and EMU: Some Reflections
-
Towards a Euro(Pean) Monetary Fund
By Daniel Gros and Thomas Mayer
-
Towards a Euro(pean) Monetary Fund
By Daniel Gros and Thomas Mayer
-
When the Euro Falls Apart - A Sequel
By Hal S. Scott
-
Sovereign Default Risk and Private Sector Access to Capital in Emerging Markets
By Christoph Trebesch, Udaibir Das, ...
-
Making a Voluntary Greek Debt Exchange Work
By Mitu Gulati and Jeromin Zettelmeyer
-
Making a Voluntary Greek Debt Exchange Work
By Mitu Gulati and Jeromin Zettelmeyer
-
How to Deal with Sovereign Default in Europe: Create the European Monetary Fund Now!
By Daniel Gros and Thomas Mayer
-
Adjustment Difficulties in the GIPSY Club
By Daniel Gros