Greece : Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, and Request for Waiver of Nonobservance of Performance Criterion and Rephasing of Access.

This paper discusses Greece's Fifth Review Under the Extended Arrangement Under the Extended Fund Facility (EFF), and Request for Waiver of Nonobservance of Performance Criterion and Rephasing of Access. Greece has gone from having the weakest to the strongest cyclically adjusted fiscal positio...

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Detaylı Bibliyografya
Müşterek Yazar: International Monetary Fund. European Dept
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2014.
Seri Bilgileri:IMF Staff Country Reports; Country Report ; No. 2014/151
Online Erişim:Full text available on IMF
Diğer Bilgiler
Özet:This paper discusses Greece's Fifth Review Under the Extended Arrangement Under the Extended Fund Facility (EFF), and Request for Waiver of Nonobservance of Performance Criterion and Rephasing of Access. Greece has gone from having the weakest to the strongest cyclically adjusted fiscal position within the euro area in just four years. But more fiscal adjustment is needed to restore debt sustainability. Structural reforms are progressing, although unevenly. The redoubling of efforts to liberalize products and service markets are much welcomed. On the basis of reforms undertaken in the context of this review, and the government's policy commitments going forward, the IMF staff supports the completion of the fifth review.
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Fiziksel Özellikler:1 online resource (226 pages)
Materyal Türü:Mode of access: Internet
ISSN:1934-7685
Erişim:Electronic access restricted to authorized BRAC University faculty, staff and students