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Greece: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper analyzes the structure, supervision, and stability of the Greek financial sector. It highlights that the Greek financial system has limited exposure to international financial markets. However, some banks have formed strategic alliances with major European financial institutions to benefit from their operational and product sophistication. This paper also suggests that policies to strengthen the public finances and improve product and labor market performance are needed to lay the groundwork for Greece to follow the Irish path of high and sustained real-income growth.

Suggested Citation

  • International Monetary Fund, 2005. "Greece: Selected Issues," IMF Staff Country Reports 2005/038, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/038
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    References listed on IDEAS

    as
    1. Patrick Honohan & Brendan Walsh, 2002. "Catching Up with the Leaders: The Irish Hare," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(1), pages 1-78.
    2. Patrick Gunnigle & David McGuire, 2001. "Why Ireland? A Qualitative Review of the Factors Influencing the Location of US Multinationals in Ireland with Particular Reference to the Impact of Labour Issues," The Economic and Social Review, Economic and Social Studies, vol. 32(1), pages 43-67.
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