The new Greek deal appears to be all about plugging numbers into a spreadsheet until the bottom...

|By:, SA News Editor

The new Greek deal appears to be all about plugging numbers into a spreadsheet until the bottom line (debt/GDP below 124% in 2020, below 110% in 2022) pleased the IMF, writes JPM's David Mackie. Much will depend on GDP - assumed to be almost 40% higher in 2022 than in 2013.