IMF Report on Greece Debt Sustainability: Country needs debt support far beyond what Europe has been willing to consider to date
- Forecasts Debt to GDP at 200% in next two years
- Sees Debt to GDP at 170% by 2022 vs. prior view of 142%
- Gross financing needs to rise above 15% of deemed safe threshold and continuing to rise
- Without haircut Greece would need 30-year grace period on entire European debt stock