LEADER 08196oam 22014294 450 001 9910790403803321 005 20230803021647.0 010 $a1-4755-6844-4 010 $a1-4843-9219-1 010 $a1-4843-6980-7 035 $a(CKB)2550000001115274 035 $a(EBL)1588107 035 $a(SSID)ssj0001107464 035 $a(PQKBManifestationID)11945013 035 $a(PQKBTitleCode)TC0001107464 035 $a(PQKBWorkID)11084924 035 $a(PQKB)10191016 035 $a(MiAaPQ)EBC1588107 035 $a(Au-PeEL)EBL1588107 035 $a(CaPaEBR)ebr10757251 035 $a(CaONFJC)MIL515576 035 $a(OCoLC)876510720 035 $a(IMF)1GRCEE2013006 035 $a(IMF)1GRCEA2013006 035 $a(EXLCZ)992550000001115274 100 $a20020129d2013 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGreece : $eFourth Review Under the Extended Arrangement Under the Extended Fund Facility, and Request for Waivers of Applicability and Modification of Performance Criterion?Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Greece 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2013. 215 $a1 online resource (208 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4843-5091-X 311 $a1-299-84325-5 327 $aCover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS; DISCUSSIONS; A. Outlook; B. Economic Policies; PROGRAM MODALITIES; STAFF APPRAISAL; BOXES; 1. Banking Sector Restructuring; 2. Health Spending Overruns; 3. Toward a New Property Tax in Greece; 4. Exceptional Access Criteria; FIGURES; 1. Demand Indicators, 2007-13; 2. Supply Indicators, 2007-13; 3. Labor Market Developments, 2007-13; 4. Inflation Developments, 2005-13; 5. Balance of Payments, 2010-13; 6. Competitiveness Indicators, 2005-13; 7. Financial Indicators, 2007-13; 8. Money and Banking Developments, 2007-13 327 $a9. Household Balance Sheet, 2007-1310. Corporations Balance Sheet, 2007-13; TABLES; 1. Selected Economic Indicators, 2009-14; 2. Summary of Balance of Payments, 2010-18; 3. Monetary Survey, 2010-14; 4. Monetary Financial Institutions (excl. BoG)- Uses and Sources of Funds, 2010-16; 5. Core Set of Financial Soundness Indicators for Deposit-Taking Institutions, 2009-13; 6. Modified General Government Cash Balance, 2012-16; 7. General Government Operations, 2010-17; 8. General Government Statement of Operations; 9. Financial Balance Sheet (GFSM 2001, stocks), 2008-12 327 $a10. Revenue Collection Process-Issues and Actions11. Spending Process-Issues and Actions; 12. Implementation of Structural Reforms; 13. Medium-Term Macro Framework, 2012-18; 14. Selected Structural Reforms Ahead, 2013-14; 15. Schedule of Proposed Purchases under the Extended Arrangement, 2012-16; 16. General Government Financing Requirements and Sources, 2012-16; 17. External Financing Requirements and Sources; 18. Indicators of Fund Credit; ANNEXES; I. Debt Sustainability Analysis; II. Fund Relations; APPENDIXES; I. Letter of Intent; II. Memorandum of Economic and Financial Policies 327 $aIII. Technical Memorandum of UnderstandingIV. Letter of Intent to the European Commission and the European Central Bank; V. Memorandum of Understanding on Specific Economic Policy Conditionality; 1 Achieving sound public finances; 2 Structural reforms with budgetary relevance; 3 Stabilising the Financial System; 4 Strengthening labour market institutions and promoting employment; 5 Creating favourable conditions for economic activity; 6 Efficient Network Industries and Services; 7 Increasing the impact of structural and cohesion funds; 8 Monitoring; 9 Annexes 327 $aStatement by the Staff Representative on Greece July 29, 2013Tables; Table 1. Greece: Prior Actions for the Fourth Review; Table 2. Key Performance Indicators on Tax Administration; IMF Completes Fourth Review Under Extended Fund Facility Arrangement for Greece, Approves ?1.72 Billion Disbursement; Statement by Thanos Catsambas, Alternate Executive Director for Greece July 29, 2013; A. Political Developments; B. General Outlook and Market Sentiments; C. Macroeconomic Framework and Structural Reforms: Main Issues and Achievements; D. Challenges, Corrective Measures and Next Steps 327 $aE. Growth Prospects and International Support 330 3 $aThis paper discusses Greece?s Fourth Review Under the Extended Arrangement under the Extended Fund Facility, and Request for Waivers of Applicability and Modification of Performance Criterion. The economy is rebalancing, but it continues to do so through recession, not productivity-enhancing structural reform. Domestic demand continues to fall albeit at a moderating pace, and import compression has resulted in a further shrinking of the current account deficit. The large output gap and high unemployment rate are exerting downward pressure on wages, and the competitiveness gap in unit labor cost terms has narrowed further. Product prices are also easing. Sentiment indicators have improved, but the political crisis has had a dampening effect. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2013/241 606 $aBanks and Banking$2imf 606 $aBudgeting$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aTaxation$2imf 606 $aExports and Imports$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aPersonal Income and Other Nonbusiness Taxes and Subsidies$2imf 606 $aNational Budget$2imf 606 $aBudget Systems$2imf 606 $aFiscal Policy$2imf 606 $aPublic finance & taxation$2imf 606 $aBanking$2imf 606 $aProperty & real estate$2imf 606 $aBudgeting & financial management$2imf 606 $aInternational economics$2imf 606 $aRevenue administration$2imf 606 $aExpenditure$2imf 606 $aProperty tax$2imf 606 $aBudget planning and preparation$2imf 606 $aPublic financial management (PFM)$2imf 606 $aTaxes$2imf 606 $aArrears$2imf 606 $aExternal debt$2imf 606 $aRevenue$2imf 606 $aBanks and banking$2imf 606 $aExpenditures, Public$2imf 606 $aBudget$2imf 606 $aFiscal policy$2imf 607 $aGreece$xEconomic policy 607 $aGreece$xEconomic conditions 607 $aGreece$2imf 615 7$aBanks and Banking 615 7$aBudgeting 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aTaxation 615 7$aExports and Imports 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aNational Government Expenditures and Related Policies: General 615 7$aPersonal Income and Other Nonbusiness Taxes and Subsidies 615 7$aNational Budget 615 7$aBudget Systems 615 7$aFiscal Policy 615 7$aPublic finance & taxation 615 7$aBanking 615 7$aProperty & real estate 615 7$aBudgeting & financial management 615 7$aInternational economics 615 7$aRevenue administration 615 7$aExpenditure 615 7$aProperty tax 615 7$aBudget planning and preparation 615 7$aPublic financial management (PFM) 615 7$aTaxes 615 7$aArrears 615 7$aExternal debt 615 7$aRevenue 615 7$aBanks and banking 615 7$aExpenditures, Public 615 7$aBudget 615 7$aFiscal policy 801 0$bDcWaIMF 906 $aBOOK 912 $a9910790403803321 996 $aGREECE$9112492 997 $aUNINA