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Can Greece 'grow solvent'? CEPS Commentary, 8 September 2011

Gros, Daniel. and Andersen, Thomas Barnebeck and Barslund, Mikkel (2011) Can Greece 'grow solvent'? CEPS Commentary, 8 September 2011. [Policy Paper]

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    Abstract

    With the completion of the latest rescue package for Greece – which relieved the country of short-term liquidity problems and eased the borrowing terms, but which made only a small dent in the overall debt burden – this Commentary explores the question whether Greece can now ’grow solvent’? The prognosis is not encouraging: given the country’s unfavourable demographic prospects and the small size of its tradable sector, Greece will face a huge task in growing out of its debt burden.

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    Item Type: Policy Paper
    Subjects for non-EU documents: Countries > Greece
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 10 Sep 2011 09:07
    Number of Pages: 3
    Last Modified: 03 Oct 2011 14:16
    URI: http://aei.pitt.edu/id/eprint/32446

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