Greece Needs Debt Forgiveness


Business Week, New York [2014], “Greece Needs Debt Forgiveness”, Business Week, New York, 13 de febrero,

Business Week
Fecha de publicación: 
Jueves, Febrero 13, 2014
Idea principal: 

Greece and its creditors are wrestling with the country's debts yet again. In 2010, Greece was given one of the biggest bailout programs in history. It got new lending in return for fiscal austerity, but its debts weren't reduced: Creditors were spared any write-offs. Despite limited moves to force creditors to take more responsibility, such as an extension of maturities and lowered rates, the basic pattern hasn't changed. As a result, Greece's debt keeps rising. It now stands at 180% of gross domestic product.