Greece : 2013 Article IV Consultation

Publication Date: June 05, 2013
Electronic Access: Free Full text (PDF file size is 1,399KB).
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Summary: 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 climate. The Greek government’s determination to push ahead with reforms has seen progress in fiscal adjustment and perseverance of the financial sector. However, the social cost of the recession has been very high, and the current program can only succeed if policymakers address the root causes.
Series: Country Report No. 13/154
Subject(s): Article IV consultation reports | Economic recession | Fiscal policy | Fiscal reforms | Labor market reforms | Financial sector | Banks | Economic indicators | Debt sustainability analysis | Staff Reports | Public information notices | Greece

Publication Date: June 05, 2013
ISBN/ISSN: 9781484358511/1934-7685 Format: Paper
Stock No: 1GRCEA2013003 Pages: 69
US$18.00 (Academic Rate:
US$18.00 )
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