European Parliament Library

Greece :, 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Greece

The Greek economy showed strength supported by solid gains in employment, substantial real wage increases, low interest rates, and rapid credit expansion. Executive Directors appreciated the performance of the banking system and welcomed the Bank of Greece’s efforts to strengthen provisioning requirements and lending standards. Directors welcomed the balanced budget and product market reform and stressed the need to improve tax administration. They advised that sustained fiscal consolidation is helpful for safeguarding debt sustainability. Directors emphasized for a budget framework to guide fiscal strategy and prioritize policy objectives
Table Of Contents
Cover; Executive Summary; Contents; I. Background; Boxes; 1. National Accounts Revisions; II. Policy Discussions; A. The Outlook; B. Competitiveness; C. Financial Stability; D. Fiscal Policy; 2. Tax Reform; E. Structural Reform; III. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2001-08; 2. Macroeconomic Framework, 2001-10; 3. Medium-Term Baseline Scenario, 2004-13; 4. Summary of Balance of Payments, 2004-13; 5. Core Set of Financial Soundness Indicators for Deposit-Taking Institutions, 2000-07; 6. Encouraged Set of Financial Soundness Indicators, 2000-07
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (59 p.)
Specific Material Designation
Form Of Item

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