The Wall Street Journal, that have seen the analysis submitted by the IMF to the German Bundestag, reported that the most probable scenario implies that the Greek government will not adhere to measures demanded by creditors.
Scenarios suggesting that Greece will implement the measures predict that the country’s debt will fall to 124 percent of its GDP by 2022 if they fully implement IMF reforms, or to 135 percent of GDP if they partially agree to the requirements.
Each scenario forecast by the IMF predicts that Greek debt level in 2022 will be far above a benchmark of the “substantially lower" 110 percent, established by eurozone finance ministers in November 2012.
“It is clear that the policy slippages and uncertainties of the last months have made the achievement of the 2012 targets impossible under any scenario,” the report said, quoted by the newspaper.
Athens is in talks with its major international creditors in an attempt to unlock financial aid to avoid a default on its multibillion-dollar debt before the current bailout program expires on June 30.
The creditors made further financial assistance conditional on Greece fulfilling certain demands. Deeply unpopular austerity measures demanded by the international creditors, including cuts in social benefits, have been repeatedly rejected by Greece.
