01580cas a2200241 a 4500 AALejournalIMF004707 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451816280 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Greece : Selected Issues. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (78 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper examines three areas of key policy importance for Greece in the coming years. The paper documents the loss of international competitiveness in recent years, as well as the accompanying widening of the current account deficit. It analyzes fiscal consolidation episodes in advanced economies, and confirms the conclusion found in the literature that, for durable consolidation, control of current spending is superior to revenue increases. The paper also estimates European banks' vulnerability to rapid credit growth and economic slowdowns. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2007/027 Full text available on IMF http://elibrary.imf.org/view/journals/002/2007/027/002.2007.issue-027-en.xml IMF e-Library