01929cas a2200241 a 4500 AALejournalIMF021390 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513562551 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Greece : Second Post-Program Monitoring Discussions-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Greece. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (73 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 The pandemic interrupted a modest recovery. Following Greece's early and strict containment measures, GDP contracted by 7.9 percent in 2020H1, slightly worse than the Euro Area (EA) unweighted average excluding Luxembourg. A further hit is expected in Q3, the peak of Greece's tourism season. The fiscal response to the pandemic has been wellorganized and has mitigated its impact, while Single Supervisory Mechanism (SSM) accommodation will delay the expected hit on banks, which were already vulnerable pre- COVID-19. In the context of the 2019 Article IV Consultation (November 2019), staff assessed that Greece's public debt is sustainable over the medium-term but its long-term public debt sustainability is not assured under a realistic set of macro-fiscal assumptions. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/308 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/308/002.2020.issue-308-en.xml IMF e-Library