IMF

The updated forecasts are listed in the Fiscal Monitor report, which was released on Thursday.

Recommendation for structural reforms and prudent policy

H μεταμόρφωση μιας πόλης - Η διαδρομή από τον βούρκο της βίας και των ναρκωτικών στη διεθνή αναγνώριση και τον έπαινο

Prolonging protection from foreclosure of the primary residence of delinquent debtors is right now a major sticking point in talks with Greece’s creditors.

The successful strategy for dealing with the coronavirus pandemic may in the long run be a comparative advantage for Greece and some are say that this year’s tourist season may not be entirely lost.

One of the particularities of the current crisis as compared to the great fiscal crisis is that the virus harms both supply and demand. It leads to the closure of factories, breaks supply chains, and limits consumer consumption.

Bank of America cited concerns over the coronavirus in revising downwards its initial projections on the growth of the global economy – from 3.2 percent to 2.8 percent.

The looming issues are the Greek government’s hopes of lowering the 3.5 percent of GDP primary surplus target and granting generous tax cuts (business, real estate, etc.), in order to spur an economic restart.

IMF spokesman Jerry Rice has confirmed that Athens has informed the Fund about the government’s intention of making an early repayment of 40 percent of its remaining debt

The town has become identified with its high-quality brand name peaches, its organised agricultural cooperatives, and its success in distributing its products throughout Europe.

The IMF was primarily concerned with the threat to the economy posed by the pre-election period, which could reverse measures taken until now.

The IMF is demanding an emergency plan to confront the prospect of thousands of court decisions ordering the reversal of memorandum-era cutbacks.

Regling said that the decision to disburse the money will be taken at the next Eurogroup meeting, based on the second post-bailout report by creditors

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The IMF appears determined to make its views known on a political level, beginning with the representatives of eurozone member-states in the Eurogroup Working Group, on 20-21 September.