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Four years ago – almost to the day – when the question of Greece’s debt sustainability was being intensely debated, these same authors argued that Greece would face strong headwinds in its effort to ‘grow solvent’. With the third rescue package dealing with the immediate liquidity issues in the works, and concerns being voiced by the IMF as well as other actors, they find in this CEPS Commentary that the issue is once again pertinent.

Mikkel Barslund is a Research Fellow at CEPS. Thomas Barnebeck Andersen is Professor in the Department of Business and Economics at the University of Southern Denmark.