Greece: Fourth Review Under the Stand-By Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria

International Monetary Fund

No 2011/175, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; payment arrears; arrears; staff; waiver of nonobservance; waiver; examination requirement; debt sustainability hinge; government's privatization strategy; privatization strategy; Budget planning and preparation; Europe (search for similar items in EconPapers)
Pages: 173
Date: 2011-07-13
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