Greece : Stand-By Arrangement: Review Under the Emergency Financing Mechanism
Greece has made a strong start with the program, but challenges also remain evident. The economic response to the program has yet to play out fully. Inflation is too high. Fiscal developments are encouraging, but risks need to be addressed. A strong pension reform is essential to bolster fiscal sustainability. Liquidity problems of banks and gradual solvency erosion require continued vigilance. Confidentiality considerations are complicating effective engagement of the Policy Support Instrument. The importance of strong reforms for future growth cannot be overestimated
Year of publication: |
2010
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Institutions: | International Monetary Fund ; International Monetary Fund (contributor) |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | Griechenland | Greece | IWF-Kredit | IMF lending | Entwicklungsländer | Developing countries |
Saved in:
freely available
Extent: | Online-Ressource (31 p) |
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Series: | IMF staff country report. - Washington, DC : IMF, ZDB-ID 2390613-3. - Vol. Country Report No. 10/217 |
Type of publication: | Book / Working Paper |
Language: | English |
ISBN: | 1-4552-0691-1 ; 978-1-4552-0691-9 |
Other identifiers: | 10.5089/9781455206919.002 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014403712
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