01601cas a2200241 a 4500 AALejournalIMF006449 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455206902 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Greece : Request for Stand-By Arrangement. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (80 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 Greek real GDP has declined by 2 percent in 2009, and indicators suggest that activity will weaken further in 2010. With the deteriorating fiscal results came downgrades of government bonds by rating agencies, and investors started backing out of Greek bonds, driving up their yields. Impaired loans are rising while borrowing costs in the interbank and wholesale markets have increased, putting pressure on bank profitability. The economy needs a strong and sustained adjustment program to correct fiscal imbalances and place debt on a downward path in the medium term. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/111 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/111/002.2010.issue-111-en.xml IMF e-Library