IMF proposes rebalancing of fiscal policy, reform implementation and debt relief

EconomyProgramme Tags: Debt, IMF, NPLs, Pensions, Reforms, Revenues, Taxes
Photo via IMF photostream on Flickr []
Photo via IMF photostream on Flickr []

The International Monetary Fund’s executive board convened on Monday evening to discuss the Article IV consultation on Greece.

The fund’s baseline scenario foresees a long-term GDP growth of 1 percent and primary surplus of 1.5 percent of GDP. It also notes that Greek debt is unsustainable.

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