Cover IMF Staff Country Reports
Buy Book in Print
Greece: Second Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece.
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 372
Language:
English
Publication Date:
17 Dec 2010
DOI:
https://doi.org/10.5089/9781455212903.002
ISBN:
9781455212903
ISSN:
1934-7685
Pages:
135
Keywords:
ISCR; CR; Stand-By Arrangement; three-year Stand-By Arrangement; government; second-stage labor market reform; reform area; government program; executive board's discussion; envisaged labor market policy; Budget planning and preparation; Public sector; Europe; Global
Download PDF (2.1 MB) Download Epub
A very ambitious fiscal adjustment effort is under way. Fiscal institutional and sectoral reforms have been elaborated for a more durable adjustment. Greece’s determination toward a comprehensive modernization of the health sector, beginning with a far-reaching reform of state enterprises and redoubling efforts to improve tax administration, is commended. An acceleration of reforms is essential to restore robust economic growth. Liquidity remains precariously tight. Pressure points are evident in the public sector, and still generally unfavorable investor sentiments suggest that the program is still at crossroads.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund