Greek debt will not fall to the targets set out by creditors in 2012 because the country did not implement the agreed reforms, but it is still sustainable under two of three analysed scenarios, a debt sustainability analysis showed. Under a 2012 bailout agreement, Greece was to reach a debt-to-GDP ratio of 124 percent in 2020 and in 2022 a debt-to-GDP ratio substantially lower than 110 percent, down from 175 percent now. Under the revised forecast and the most optimistic scenario that Athens implements all reforms, Greek is debt to fall to 124 percent only in 2022 from 172.8 pct in 2015.
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