Greece : Third Review Under the Extended Arrangement Under the Extended Fund Facility—Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Greece

Publication Date: June 05, 2013
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Summary: 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. However, progress on improving tax administration and public administration reforms needs to be started in earnest. There is concern about debt relief undermining the payment culture. Reforms to open up the economy to competition should be stepped up. The macroeconomic and debt outlook must remain under close review.
Series: Country Report No. 13/153
Subject(s): Extended arrangement reviews | Fiscal policy | Fiscal consolidation | Fiscal reforms | Tax reforms | Banking sector | Economic indicators | Debt sustainability analysis | Extended Fund Facility | Staff Reports | Press releases | Greece

Publication Date: June 05, 2013
ISBN/ISSN: 9781484389287/1934-7685 Format: Paper
Stock No: 1GRCEA2013002 Pages: 201
US$18.00 (Academic Rate:
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