EU summit deal will only slightly reduce Greek debt burden, provides govt with time to implement reforms – OECD report

  • OECD sees Greek debt at 100% of GDP by 2035 under baseline scenario, with below target privatisations
  • Says debt could drop to below 60% of GDP in 2035 if Greece meets privatisation target, implements reforms fully
  • Greek banks should envisage mergers with foreign banks
  • Greece must step up structural reforms, urgently improve tax collection

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