IMF sets out why it stands apart from eurozone on long-term growth prospects

EconomyProgramme Tags: GDP, IMF
Photo by Gerasimos Domenikos/Fosphotos
Photo by Gerasimos Domenikos/Fosphotos

Greece’s long-term growth potential was one of the main points of contention as the International Monetary Fund and the Greece’s eurozone creditors were attempting to bridge their differences on debt sustainability to ensure the conclusion of the review and the Fund’s participation in the programme.

In the official document setting out the Precautionary Stand-By Arrangement that was finally agreed at the June 15 Eurogroup, the Fund dedicates a section in which it outlines in detail its rationale for its conservative projections regarding Greece’s l...

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