Greek rescue bizarrely increases its debts

Listen to the politicians and one might think that Greece's debts will fall as a result of last week's provisional rescue by euro zone leaders and private-sector creditors. In fact, they go up.




Athens' borrowings will increase by 31 billion euros under the rescue scheme, according to an analysis by Reuters Breakingviews. This increase, equivalent to 14 percent of GDP, will push the country's estimated peak debt/GDP ratio next year to 179 percent.

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Reuters