The European Commission has stated that the measures agreed in the recent Eurogroup are sufficient for the restoration of the debt’s sustainability. In a report, the European Commission illustrates the impact of the medium-term measures agreed on the debt to GDP ratio, and underlines that Greece’s debt is sustainable after the resolutions adopted. The report also states that the aim is to reduce the debt to GDP ratio by 30 percent by 2060, while the annual debt service requirements will drop below 20%.
On his part, European Stability Mechanism (ESM) Managing Director Klaus Regling said in an interview that Greece’s economy has been fully restructured in the last eight years, and that it has been recording a small budgetary surplus since 2016. As a result, there is no doubt that Greece will be able to return to the markets and repay the loans it has received, Mr. Regling stressed.