Quote:
Originally Posted by daca
Exactly. Growth would hopefully have been even better, but 1% would still probably have been enough for the debt to be sustainable if the primary surplus reached 3.50 in a couple of years.
Greece was due to payback 25B this year, it was broke by June 30th. Also Growth of 1% is mostly irrelevant when some of the debt is interest bearing.
The debt might have been notionally sustainable, but not under the payment schedule.
Creditor Due Date Amount Description Rate
IMF June 30, 2015 OVERDUE €1,559,249,629 Loan under the IMF's first bailout program for Greece, in 2010.*
IMF July 13, 2015 OVERDUE €456,365,745 Loan under the IMF's first bailout program for Greece, in 2010.*
Treasury bill holders July 17, 2015 €1,000,000,000 Short-term treasury bills 2.70%
ECB July 20, 2015 €2,095,880,000 Bonds held by ECB exempted from the 2012 default 3.70%
ECB July 20, 2015 €1,360,500,000 Bonds held by national central banks exempted from the 2012 default 3.70%
EIB July 20, 2015 €25,000,000 Bonds held by the European Investment Bank; exempted from the 2012 default 3.70%
Treasury bill holders August 7, 2015 €1,000,000,000 Short-term treasury bills 2.75%
Treasury bill holders August 14, 2015 €1,400,000,000 Short-term treasury bills 2.70%
ECB August 20, 2015 €3,020,300,000 Bonds held by ECB exempted from the 2012 default 6.10%
ECB August 20, 2015 €168,000,000 Bonds held by national central banks exempted from the 2012 default 6.10%
IMF Sept. 4, 2015 €304,243,830 Loan under the IMF's first bailout program for Greece, in 2010.*
Treasury bill holders Sept. 4, 2015 €1,400,000,000 Short-term treasury bills 2.97%
Treasury bill holders Sept. 11, 2015 €1,600,000,000 Short-term treasury bills 2.70%
IMF Sept. 14, 2015 €342,274,309 Loan under the IMF's first bailout program for Greece, in 2010.*
IMF Sept. 16, 2015 €570,457,181 Loan under the IMF's first bailout program for Greece, in 2010.*
Treasury bill holders Sept. 18, 2015 €1,600,000,000 Short-term treasury bills 2.70%
IMF Sept. 21, 2015 €342,274,309 Loan under the IMF's first bailout program for Greece, in 2010.*
Treasury bill holders Oct. 9, 2015 €1,400,000,000 Short-term treasury bills 2.97%
IMF Oct. 13, 2015 €456,365,745 Loan under the IMF's first bailout program for Greece, in 2010.*
Treasury bill holders Nov. 6, 2015 €1,400,000,000 Short-term treasury bills 2.97%
IMF Dec. 7, 2015 €304,243,830 Loan under the IMF's first bailout program for Greece, in 2010.*
Treasury bill holders Dec. 11, 2015 €2,000,000,000 Short-term treasury bills 2.97%
IMF Dec. 16, 2015 €570,457,181 Loan under the IMF's first bailout program for Greece, in 2010.*
IMF Dec. 21, 2015 €342,274,309 Loan under the IMF's first bailout program for Greece, in 2010.*