Greece: Fourth Review Under the Stand-By Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria
July 13, 2011
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This study is carried out against a backdrop of deep divisions in Greece and in Europe over how to handle the challenges now confronting Greece. Greece’s deeper medium-term policy needs and identifying ways to replace the expected market financing are discussed. Structural reforms tackled to strengthen the competitiveness and help the country integrate into the euro area. Finally, Greece has specified the policies necessary to overcome recent inertia and deliver program objectives, and a memorandum of financial and economic policies is discussed.
Subject: Banking, Budget planning and preparation, Fiscal policy, Labor, Privatization, Public financial management (PFM), Revenue administration
Keywords: arrears, Budget planning and preparation, CR, debt sustainability hinge, Europe, examination requirement, government's privatization strategy, ISCR, payment arrears, privatization strategy, staff, waiver, waiver of nonobservance
Pages:
173
Volume:
2011
DOI:
Issue:
175
Series:
Country Report No. 2011/175
Stock No:
1GRCEA2011003
ISBN:
9781462300204
ISSN:
1934-7685
