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Greece
Report

Greece

2013 Article IV Consultation

IMF, 2013

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Editorial Rating

7

Qualities

  • Overview
  • For Beginners

Recommendation

How will Greece escape its current mess? Almost every visit by the Troika (a combination of the International Monetary Fund, the European Commission and the European Central Bank) seems to result in a nail-biting showdown, with the future of the euro hanging in the balance. Yet the IMF offers a possible positive future scenario for the Hellenic Republic. Packed with facts and figures, this authoritative report offers a well-researched, if not entirely reassuring, assessment of the current state of the Greek economy and its progress. getAbstract recommends its findings to euro watchers everywhere.

Take-Aways

  • Greece has made some notable fiscal gains since its European Union-led bailout began in 2010.
  • But most have been the result of an economy that’s shrunk 22% from 2008 to 2012.
  • Protected markets, draconian regulations and significant shortfalls in tax collections still present barriers to economic growth.

About the Author

The International Monetary Fund is a global organization that provides advice and financing to member states in economic difficulties and works to reduce poverty in developing nations.


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