Showing 1 - 10 of 11
Rigidities in Greece’s product and labor markets leading to economic imbalances and the significance of reforms to … work in Greece’s revenue administration and how this effort has been achieved primarily by raising tax rates to high levels … restructuring frameworks as well as improving banks’ loan resolution practices so that Greece’s banks are positioned to support the …
Persistent link: https://www.econbiz.de/10014395149
The short-term objectives are being met, but medium-term targets and sustainability have to be worked on. The impressive fiscal adjustment evident since the crisis erupted is continuing. The Executive Directors commend the Greek government’s determination to focus on overdue spending cuts....
Persistent link: https://www.econbiz.de/10014395151
Fiscal expansion after euro accession led to a buildup of large economic imbalances, and a program to make fiscal policy and the fiscal and debt position sustainable was initiated. However, the program saw opposition from the outset and structural reforms stalled, which unsettled the investment...
Persistent link: https://www.econbiz.de/10014395152
Greece’s deep recession has continued unabated, with the economy struggling to gain traction against domestic political … progress with structural reforms. The structural transformation of Greece’s economy continues to proceed at a slow pace, and … this is making Greece’s adjustment more costly. Institutional reforms continued to disappoint during 2012, again …
Persistent link: https://www.econbiz.de/10014395412
Persistent link: https://www.econbiz.de/10015060352
Greece has weathered the pandemic well, with a considerably stronger-than-expected recovery. Reforms progressed in … several areas, including digitalization, privatization, improving the fiscal policy mix, and bank balance sheet repair. Greece …
Persistent link: https://www.econbiz.de/10015060353
Greece. The Greek government has provided substantial support to households and enterprises to cope with the high cost of …
Persistent link: https://www.econbiz.de/10015058733
The 2023 Article IV Consultation highlights that Greece's economic outlook has improved notably. Growth-friendly fiscal …
Persistent link: https://www.econbiz.de/10015058734
This paper discusses Greece's Fifth Review Under the Extended Arrangement Under the Extended Fund Facility (EFF), and … Request for Waiver of Nonobservance of Performance Criterion and Rephasing of Access. Greece has gone from having the weakest …
Persistent link: https://www.econbiz.de/10014409463
Persistent link: https://www.econbiz.de/10015060620