Greece : Third Review Under the Extended Arrangement Under the Extended Fund Facility-Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Greece.

The short-term objectives are being met, but medium-term targets and sustainability have to be worked on. The impressive fiscal adjustment evident since the crisis erupted is continuing. The Executive Directors commend the Greek government's determination to focus on overdue spending cuts. Howe...

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Detalles Bibliográficos
Autor Corporativo: International Monetary Fund. European Dept
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Staff Country Reports; Country Report ; No. 2013/153
Acceso en liña:Full text available on IMF
Descripción
Summary:The short-term objectives are being met, but medium-term targets and sustainability have to be worked on. The impressive fiscal adjustment evident since the crisis erupted is continuing. The Executive Directors commend the Greek government's determination to focus on overdue spending cuts. However, progress on improving tax administration and public administration reforms needs to be started in earnest. There is concern about debt relief undermining the payment culture. Reforms to open up the economy to competition should be stepped up. The macroeconomic and debt outlook must remain under close review.
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Descrición Física:1 online resource (201 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
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