IMF Staff Country Reports

Greece : Staff Report on Request for Stand-By Arrangement

Author/Editor:

International Monetary Fund

Publication Date:

May 10, 2010

Electronic Access:

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Summary:

The Greek economy is teetering owing to heavy public debt and loss of market access. Greece is adopting an ambitious comprehensive multiyear adjustment program to lower the fiscal deficit and the debt ratio, reduce domestic demand in line with capacity, and increase supply and competitiveness so that the economy can step onto a higher growth path led by investments and exports. Greece needs a strong and sustained adjustment program to lower the fiscal deficit substantially and create the basis for a declining debt ratio.

Series:

Country Report No. 10/110

Subject:

Announcements Debt sustainability analysis Economic indicators Exceptional use of Fund resources External debt Fiscal policy Fiscal reforms Fund approval Global competitiveness Greece Monetary policy Pension reforms Performance criteria Staff Reports Stand-by arrangement requests

Frequency:

Annually