01810cas a2200241 a 4500 AALejournalIMF011747 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475502442 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Greece : Request for Extended Arrangement Under the Extended Fund Facility: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (232 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 paper presents the staff report for Greece's request for an Extended Arrangement under the Extended Fund Facility. The Greek economy fell into deep twin structural deficits after euro adoption. Easy access to financing at low interest rates fuelled rapid borrowing by the private and public sectors. Between euro accession in 2001 and 2009, private sector credit almost doubled in percent of GDP, financed mainly through the domestic banking system. Massive sovereign borrowing from international bond markets pushed government debt from 100 percent of GDP to about 130 percent of GDP during this timeframe. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/057 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/057/002.2012.issue-057-en.xml IMF e-Library