M. Thomsen, Poul, (2016), “The Case for Making the Greek Budget More Growth Friendly”, IMF, 12 December
The overriding objective of the IMF’s engagement with Greece is to help the country put itself back on a path of sustainable growth that benefits the Greek people. In this regard, we think that the current structure of the Greek budget is a serious constraint on growth. Below we provide a more detailed explanation of why the Greek budget in its current form is growth unfriendly, and why solving this problem requires tax and pension reforms.
Relevant Posts
- Obstfeld, Maurice, M. Thomsen, Poul, (2016), “The IMF is not asking Greece for more austerity”, IMF direct, 12 December
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- Walter, Stefanie, (2016), “Why austerity is easier to implement in some countries than others – and why this was not the case for Greece”, LSE EUROPP Blog, 17 October