Greece: Staff Report on Request for Stand-By Arrangement

May 10, 2010

Preview Citation

Format: Chicago

Greece: Staff Report on Request for Stand-By Arrangement, (USA: International Monetary Fund, 2010) accessed November 22, 2024

Summary

The Greek economy is teetering owing to heavy public debt and loss of market access. Greece is adopting an ambitious comprehensive multiyear adjustment program to lower the fiscal deficit and the debt ratio, reduce domestic demand in line with capacity, and increase supply and competitiveness so that the economy can step onto a higher growth path led by investments and exports. Greece needs a strong and sustained adjustment program to lower the fiscal deficit substantially and create the basis for a declining debt ratio.

Subject: Banking, Credit, Debt service, Expenditure, External debt, Money, Public debt

Keywords: CR, Credit, Debt service, Debt service burden, EU partner, Fund, Global, Greece, Greece from the IMF, Investigation committee, ISCR, Market confidence, SDR

Publication Details

Pages:

146
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/110
Stock No:

1GRCEA2010001
ISBN:

9781455206896
ISSN:

1934-7685

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