The International Monetary Fund (IMF) has published a preliminary draft debt sustainability analysis (DSA) of the Greek public debt, which is found to be unsustainable. According to the report, the debt is estimated to be 149.9% of the GDP in 2020, far higher than the 124% prediction the Eurogroup made in 2012, so it concludes that the “doubling of grace and maturities on existing debt but also a significant haircut of debt” may be required.

The IMF further estimates that Greece will need over €50 billion to cover its funding needs for the next three years, meaning that a third bailout may be necessary. The spokesman for the Greek government Gabriel Sakellaridis    commented (2.07) that the report fully vindicates the government. "With today’s report, the IMF vindicates the Greek government, both in terms of the sustainability of Greek debt, as on its insistence that any new deal with our lenders must necessarily include a restructuring of our debt," Sakellaridis said.