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The Highlights of the Report:

Debt was deemed sustainable, but not with high probability, when the first program was adopted in May 2010.
The much deeper-than-expected recession necessitated significant debt relief  in 2011-12 to maintain the prospect of restoring sustainability.
Serious implementation problems caused a sharp deterioration in sustainability, raising fresh doubts about the realism of policy assumptions, especially from mid–2014.
Developments since last summer suggest that a realignment of critical policy and DSA assumptions can no longer be deferred if the DSA is to remain credible.
Staff believes that the revised program targets remain sufficiently ambitious to warrant continued support from Greece’s European partners.

Download Here the IMF report.