Greece: Staff Report for the 2000 Article IV Consultation

March 28, 2001

Preview Citation

Format: Chicago

Greece: Staff Report for the 2000 Article IV Consultation, (USA: International Monetary Fund, 2001) accessed November 23, 2024

Summary

Greece's integration into the euro area adds urgency to addressing the economic challenges. Securing stabilization gains within the Economic and Monetary Unit (EMU) will depend on labor cost developments, which need to restore an adequate level of competitiveness. Structural reforms, more equitable tax system, and public expenditure reform will be critical for securing stabilization gains. The high unemployment rate reduction will require comprehensive reforms targeted at the most affected labor market segments. An increasingly integrated and open market environment poses challenges for supervision and regulation.

Subject: Balance of payments, Current account, Current account deficits, Expenditure, Inflation, Labor, Labor markets, Prices

Keywords: Authority, Core inflation, CR, Credit growth, Current account, Current account deficits, Europe, GDP, Global, Inflation, ISCR, Labor markets, Maastricht inflation criterion, Supervisory authority, Unemployment rate, Year-on-year rate of inflation

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/052
Stock No:

1GRCEA0012001
ISBN:

9781451816099
ISSN:

1934-7685

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