Greece : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

January 25, 2007

Electronic Access:

Free Full Text (PDF file size is 1673 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper examines three areas of key policy importance for Greece in the coming years. The paper documents the loss of international competitiveness in recent years, as well as the accompanying widening of the current account deficit. It analyzes fiscal consolidation episodes in advanced economies, and confirms the conclusion found in the literature that, for durable consolidation, control of current spending is superior to revenue increases. The paper also estimates European banks’ vulnerability to rapid credit growth and economic slowdowns.

Series:

Country Report No. 07/27

Subject:

Frequency:

Biannually

English

Publication Date:

January 25, 2007

ISBN/ISSN:

9781451816280/1934-7685

Stock No:

1GRCEA2007002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

78

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