ESM takes stock of Greece's sovereign vulnerability
Athens details fiscal counter-measures, a vital selling point for Tsipras
Compromise proposal on table ahead of Friday's Eurogroup
No return of institutions to Athens yet as differences persist
Athens, lenders trying to put last pieces in place for technical agreement
Out-of-court workout bill prepared amid apparent concern from banks
IMF sees much scope for reform progress, particularly on tax in Article IV report
Despite the significant progress made so far, Greece faces fundamental challenges such as vulnerable public finances, notable tax evasion and ineffective tax administration, impaired bank balances sheets and pervasive structural obstacles to investment and growth, the International Monetary Fund’s Article IV consultation report concludes.
Addressing those challenges and restoring debt sustainability is of paramount importance to create a vibrant and dynamic private sector that would be capable to generate sustainable and equitable growth and employment, the IMF stresses.
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