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Greece: Second Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece

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  • International Monetary Fund

Abstract

A very ambitious fiscal adjustment effort is under way. Fiscal institutional and sectoral reforms have been elaborated for a more durable adjustment. Greece’s determination toward a comprehensive modernization of the health sector, beginning with a far-reaching reform of state enterprises and redoubling efforts to improve tax administration, is commended. An acceleration of reforms is essential to restore robust economic growth. Liquidity remains precariously tight. Pressure points are evident in the public sector, and still generally unfavorable investor sentiments suggest that the program is still at crossroads.

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  • International Monetary Fund, 2010. "Greece: Second Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece," IMF Staff Country Reports 2010/372, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/372
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    Cited by:

    1. Paul J. J. Welfens, 2016. "Overcoming the euro crisis and prospects for a political union," International Economics and Economic Policy, Springer, vol. 13(1), pages 59-103, January.
    2. Paul Welfens, 2011. "From the transatlantic banking crisis to the euro crisis?," International Economics and Economic Policy, Springer, vol. 8(1), pages 15-29, April.

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