# In an op-ed, Prof. Thomas Philippon discusses debt relief options for Greece

1 Faculty News February 10, 2015 ![VoxEU logo ](/sites/default/files/styles/246w/public/assets/images/con_030499.jpg?itok=Qjpc4sQk)>

Excerpt from [Vox](http://www.voxeu.org/article/fair-debt-relief-greece-new-calculations) -- "Under the alternative scenario, Greece avoids neither fiscal austerity nor a deep recession. But, depending on the details of the simulation, its GDP ends up 5 to 10% higher, and its debt 20% to 25% lower. Overall, the debt of GDP is reduced by about 30 points."

[Read more](http://www.voxeu.org/article/fair-debt-relief-greece-new-calculations)