Actuarial news and views from Cape Town and beyond

Does Greece debt need a haircut?

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Three years after Reuters offered some insight on how much of the Greek debt would have to be cut in order to ensure sustainability, and after the latest Greece default on an interest payment, the IMF reiterated this need much to the disagreement of many Euro countries including the great and mighty Germany.

Germany has been vocal about their disagreement with any kind of restructuring proposed as this will potentially affect the value of the Euro in one way or another. As Angela Merkel, chancellor of Germany puts it: “If the Euro falls, Europe falls”.

The link to the Reuters’ Vincenzo Albano doing a quick analysis of the figures:
Link to the latest article on IMF and debt crisis:


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