This Selected Issues paper and Statistical Appendix reviews fiscal developments in Greece, comparing its revenue and expenditure patterns with a number of comparator country averages, and discusses prospects. The paper focuses on the evolution and tax-determinants of the most widely followed...

This Selected Issue paper provides an overview of the public pension system in Greece, and of prospective pension-related spending pressures. The paper reviews the structure of Greece’s pension system and compares some basic parameters of the Greek pension system with those of other European...

This 2001 Article IV Consultation highlights that strong economic growth continued in Greece in 2001, but the economy was not immune from the global slowdown. GDP increased by about 4 percent, led by robust domestic demand. Investment growth accelerated, following interest rate convergence with...

This 2005 Article IV Consultation highlights that economic growth in Greece has been strong for several years, underpinned by a large fall in interest rates owing to adoption of the euro and subsequent European Central Bank easing. In 2005, the authorities implemented substantial fiscal...

The recession is unfolding in line with expectations. Inflation is higher than expected from indirect tax hikes. The key challenges remain restoring fiscal sustainability, safeguarding financial sector stability, and boosting competitiveness—and hence growth and employment. Staff and...