IMF-ΔΙΕΘΝΕΣ ΝΟΜΙΣΜΑΤΙΚΟ ΤΑΜΕΙΟ:"Greece : Preliminary Debt Sustainability Analysis-Updated Estimates and Further Considerations"

Greece : Preliminary Debt Sustainability Analysis-Updated Estimates and Further Considerations     Publication Date: May 23, 2016   Electronic Access: Free Full text (PDF file size is 746KB).  Use the free Adobe Acrobat Reader to view this PDF file    Summary: Greece continues to face a daunting fiscal consolidation challenge. After seven years of recession and a structural adjustment of 16 percent of GDP, Greece has only managed to achieve a small primary surplus in 2015, and this due to sizeable one-off factors. This is still far away from its ambitious medium-term primary surplus target of 3½ percent of GDP. Reaching this target still requires measures of some 4½ percent of GDP. Low-hanging fruit have been exhausted, and the scope for new significant measures is limited.   Series: Country Report No. 16/130

English Publication Date: May 23, 2016 ISBN/ISSN: 9781484362099/1934-7685 Format: Paper Stock No: 1GRCEA2016001 Pages: 23 Price: US$18.00 (Academic Rate: US$18.00 )