IMF Staff Country Reports

Greece: Selected Issues

January 25, 2007

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Greece: Selected Issues, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This Selected Issues paper examines three areas of key policy importance for Greece in the coming years. The paper documents the loss of international competitiveness in recent years, as well as the accompanying widening of the current account deficit. It analyzes fiscal consolidation episodes in advanced economies, and confirms the conclusion found in the literature that, for durable consolidation, control of current spending is superior to revenue increases. The paper also estimates European banks’ vulnerability to rapid credit growth and economic slowdowns.

Subject: Balance of payments, Banking, Competition, Credit, Current account deficits, Exports, Financial markets, Fiscal consolidation, Fiscal policy, International trade, Money

Keywords: Africa, Asia and Pacific, Competition, CR, Credit, Credit growth, Current account deficits, Europe, Expenditure, Expenditure component, Expenditure item, Exports, Fiscal consolidation, Global, Government, Greek bank, ISCR, Middle East, OECD average, Revenue side

Publication Details

  • Pages:

    78

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/027

  • Stock No:

    1GRCEA2007002

  • ISBN:

    9781451816280

  • ISSN:

    1934-7685

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