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Greece :, Stand-By Arrangement: Review Under the Emergency Financing Mechanism

Greece has made a strong start with the program, but challenges also remain evident. The economic response to the program has yet to play out fully. Inflation is too high. Fiscal developments are encouraging, but risks need to be addressed. A strong pension reform is essential to bolster fiscal sustainability. Liquidity problems of banks and gradual solvency erosion require continued vigilance. Confidentiality considerations are complicating effective engagement of the Policy Support Instrument. The importance of strong reforms for future growth cannot be overestimated
Table Of Contents
Cover; Contents; I. Introduction; II. Recent Developments and Outlook; Figures; 1. Financial Indicators, 2007-10; 2. Selected Indicators, 2000-10; 3. Labor Markets, 2001-10; Boxes; 1. Inflation; III. Policy Implementation; 4. Money and Banking Indicators, 2005-10; A. Fiscal Policy; 2. The Pension Reform; B. Financial Sector; 3. Update on the Financial Stability Fund; C. Structural Policy and Data Reporting; IV. Staff Appraisal; 4. Public Sector Employment and Wages Census; Tables; 1. Quantitative performance Criteria; 2. Structural Conditionality for 2010; 3. Selected Economic Indicators
Literary Form
non fiction
"July 2010"
Physical Description
1 online resource (32 p.)
Specific Material Designation
Form Of Item

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