Greece : Third Review Under the Stand-By Arrangement—Staff Report; Informational Annex; Press Release on the Executive Board Discussion; Statement by the Staff Representative on Greece; and Statement by the Executive Director for Greece.

Publication Date: March 16, 2011
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Summary: In this study, Greece’s economic program has progress toward its sustainable growth by boosting competitiveness, strengthening financial sector stability, and securing sustainable public finances. The fiscal and broader reforms are to achieve the program’s medium-term objectives. Structural reforms are being deepened to support recovery. More sufficient use of state assets will support fiscal adjustment efforts, promote growth and employment, and help Greece retire maturing debt. The financial system remains stable, and time is needed to allow banks to deleverage and restructure in an orderly fashion.
Series: Country Report No. 11/68
Subject(s): Bank restructuring | Banking sector | Budget deficits | Debt sustainability analysis | Economic indicators | Fiscal reforms | Privatization | Staff Reports | Stand-by arrangement reviews

Publication Date: March 16, 2011
ISBN/ISSN: 9781455223046/1934-7685 Format: Paper
Stock No: 1GRCEA2011001 Pages: 129
US$18.00 (Academic Rate:
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