European Parliament Library

Greece :, 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Greece

Abstract
This 2009 Article IV Consultation highlights that despite initial resilience partly explained by high wage growth and accelerated government spending in Greece, growth slowed substantially in early 2009. The main driving forces were lower investment and exports, destocking, and a decline in private consumption. Executive Directors have welcomed the extended period of strong growth through 2008, which had significantly narrowed the gap in real per-capita income with the EU-15. Directors have also emphasized the need to implement a comprehensive plan for fiscal consolidation and structural reform
Table Of Contents
Cover; Executive Summary; Contents; I. Context; Figures; 1. The Boom Years; II. Cyclical Developments; 2. Selected Indicators, 2000-10; 3. Cyclical Indicators Suggest a Sharp Slowdown; 4. Labor Markets, 2001-08; 5. Money and Banking Indicators, 2005-09; 6. Financial Indicators, 2007-09; III. Outlook: Uncertain, But Downside Risks Remain; IV. Policy Discussions: Bolstering Confidence and Sustainability; Boxes; 1. Linkages and Spillovers; 7. External Trade and Debt Issues; A. Preserving Financial Sector Stability; 2. Bank Support Measures Through end-May 2009
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (60 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462307036

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