Greek ‘public debt can be manageable’

brussels — Greece’s public debt can be manageable, the eurozone bailout fund said on Sunday, responding to a leaked report by the International Monetary Fund that the country’s debt will explode to 275 per cent of GDP by 2060.

A spokesman for the bailout fund, the European Stability Mechanism (ESM), said the path for Greek public finances agreed between Athens and the eurozone was credible and backed by contingency measures in case of unforeseen events.

“We believe that Greece’s debt burden can be manageable, if the agreed reforms are fully implemented, ” the ESM said. —Reuters