IMF Staff Country Reports

Greece: Staff Report for the 2000 Article IV Consultation

Publication Date:

March 28, 2001

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Greece's integration into the euro area adds urgency to addressing the economic challenges. Securing stabilization gains within the Economic and Monetary Unit (EMU) will depend on labor cost developments, which need to restore an adequate level of competitiveness. Structural reforms, more equitable tax system, and public expenditure reform will be critical for securing stabilization gains. The high unemployment rate reduction will require comprehensive reforms targeted at the most affected labor market segments. An increasingly integrated and open market environment poses challenges for supervision and regulation.

Series:

Country Report No. 2001/052

Subject:

Balance of payments Current account Current account deficits Expenditure Inflation Labor Labor markets Prices