Greece; Fourth Review Under the Stand-By Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria

This study is carried out against a backdrop of deep divisions in Greece and in Europe over how to handle the challenges now confronting Greece. Greeceâ€™s deeper medium-term policy needs and identifying ways to replace the expected market financing are discussed. Structural reforms tackled to strengthen the competitiveness and help the country integrate into the euro area. Finally, Greece has specified the policies necessary to overcome recent inertia and deliver program objectives, and a memorandum of financial and economic policies is discussed.

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Year of publication:	2011-07-13
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank resolution \| Bank supervision \| Banking sector \| Debt sustainability analysis \| Economic indicators \| Fiscal reforms \| Performance criteria modifications \| Privatization \| Stand-by arrangement reviews \| debt \| interest \| external debt \| taxes \| liabilities \| payments \| loans \| state budget \| restructuring \| tax evasion \| expenditures \| fiscal adjustment \| fiscal strategy \| tax administration \| taxpayers \| fiscal policy \| medium-term fiscal strategy \| public debt \| creditors \| tax wedge \| credit institutions \| budgetary funds \| tax base \| debt service \| taxation \| debt collection \| fiscal consolidation \| deficits \| debt sustainability \| obligations \| state aid \| fiscal reports \| tax returns \| collections \| property tax \| fiscal targets \| tax collection \| revenue collection \| long term loans \| fiscal measures \| spending control \| government deficit \| tax compliance \| medium term fiscal strategy \| public finance \| tax revenues \| foreign debt \| insolvency \| public spending \| debt management \| primary expenditure \| tax reform \| fiscal program \| creditor \| fiscal data \| fiscal target \| tax system \| tax credits \| tax exemptions \| payment arrears \| debts \| fiscal management \| fiscal reporting \| fiscal deficit \| primary deficit \| public finances \| fiscal performance \| debtors \| fiscal gap \| fiscal balance \| debt instruments \| fiscal risk \| tax authorities \| treasury bills \| solvency \| government spending \| tax burden \| fiscal institutions \| budget revenues \| debt payment \| credit rating \| bond markets \| liens \| asset management \| interest expenditure \| quality of public spending \| debt reduction \| fiscal deficits \| tax bases \| fiscal projections \| debt burden \| tax increases \| debt restructuring \| debt issuance \| tax rates \| defaults \| debt amortization \| tax avoidance \| fiscal contraction \| fiscal adjustment efforts \| fiscal problems \| fiscal balances \| tax ? increase \| inflation indexed debt \| government expenditure \| budget oversight \| repayment \| fiscal planning \| fiscal assumptions \| central government spending \| fiscal revenue \| tax wedge on labor \| taxable income \| budget constraints \| account deficits \| bond redemption \| structural fiscal \| reduction in tax \| public accounting \| fiscal needs \| fiscal operations \| government expenditures \| fiscal policies \| tax expenditure \| consumer credit \| bond issuance \| refinance \| fiscal position \| general government expenditure \| debt forgiveness \| fiscal constraint \| fiscal debt \| international debt \| annual budget \| tax revenue \| fiscal consolidation efforts \| corporate bonds \| fiscal developments \| capital expenditure \| long-term fiscal sustainability \| tax policy \| reduction in transfers \| expenditure adjustments \| expenditure policy \| budgetary impact \| tax structure \| fiscal responsibility \| fiscal plans \| debt overhang \| fiscal sustainability \| state budgets

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/175 17 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244444