European Parliament Library

Greece :, Staff Report on Request for Stand-By Arrangement

The Greek economy is teetering owing to heavy public debt and loss of market access. Greece is adopting an ambitious comprehensive multiyear adjustment program to lower the fiscal deficit and the debt ratio, reduce domestic demand in line with capacity, and increase supply and competitiveness so that the economy can step onto a higher growth path led by investments and exports. Greece needs a strong and sustained adjustment program to lower the fiscal deficit substantially and create the basis for a declining debt ratio
Table Of Contents
Cover; Executive Summary; Contents; I. Introduction; Boxes; 1. Framework for Cooperation between the Fund, the European Commission, and the ECB; II. Recent Economic Developments; 2. Data Misreporting; III. Overall Strategy; IV. Macroeconomic Framework; V. The Program: Policy Discussion; A. Fiscal Policy; 3. The Adjustment Measures; B. Structural Policies; C. Financial Sector Policy; 4. The Financial Stability Fund; VI. Program Modalities; A. Access, Phasing, Conditionality; C. Exceptional Access Criteria; B. Capacity to Repay the Fund and Risks to the Program; VII. Staff Appraisal; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (147 p.)
Specific Material Designation
Form Of Item

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