Greece: Staff Report for the 2000 Article IV Consultation

International Monetary Fund

No 2001/052, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Maastricht inflation criterion; core inflation; GDP; authority; credit growth; year-on-year rate of inflation; supervisory authority; unemployment rate; Inflation; Labor markets; Current account deficits; Current account; Europe; Global (search for similar items in EconPapers)
Pages: 56
Date: 2001-03-28
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