European Parliament Library

Greece :, 2013 Article IV Consultation

Abstract
Fiscal expansion after euro accession led to a buildup of large economic imbalances, and a program to make fiscal policy and the fiscal and debt position sustainable was initiated. However, the program saw opposition from the outset and structural reforms stalled, which unsettled the investment climate. The Greek government’s determination to push ahead with reforms has seen progress in fiscal adjustment and perseverance of the financial sector. However, the social cost of the recession has been very high, and the current program can only succeed if policymakers address the root causes
Table Of Contents
Cover; CONTENTS; CONTEXT; A. Build-Up to the Crisis; B. Crisis Response; C. Developments; D. Outlook; POLICY DISCUSSIONS; A. Restoring Growth; B. Financial Sector: Supporting the Recovery; C. Advancing Fiscal Adjustment; D. Strategy to Reduce Public Debt; STATISTICS; STAFF APPRAISAL; BOXES; 1. Why Has the Recession In Greece Been So Deep?; 2. External Balance Assessment (EBA); FIGURES; 1. Revisions to Macro Projections, 2008-17; 2. Performance Among Peers, 2000-17; 3. Labor Market Developments, 2007-12; 4. Restoring Growth; 5. Financial Sector: Supporting the Recovery
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (70 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484338827

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