Update on Greece
This post was written by Philip Lane
The IMF/EC/ECB mission has released its updated view on the implementation of the Greek adjustment package: you can read it here .
Tags: Greek adjustment
This post was written by Philip Lane
The IMF/EC/ECB mission has released its updated view on the implementation of the Greek adjustment package: you can read it here .
Tags: Greek adjustment
August 5th, 2010 at 1:03 pm
Greece seems to be on track for an 8% deficit this year.
August 10th, 2010 at 3:03 pm
While recognising that Greece has lost its sovereignty to the EU/IMF, will the recovery process be more severe and longer in Ireland than in Greece because Ireland is grasping vestiges of sovereignty, e.g., ability to issue sovereign paper without an explicit external guarantee, deciding on the composition of fiscal contraction and adopting a leisurely approach (without any guarantee of sensible outcomes) to deleveraging the state balance sheet and reforming the sheltered sectors?