Greece [electronic resource] : 2004 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Greece.

International Monetary Fund
Washington, D.C. : International Monetary Fund, 2005.
IMF eLibrary
IMF Staff Country Reports; Country Report No. 05/43.
IMF Staff Country Reports; Country Report No. 05/43
Government document
1 online resource (53 p.)
Local subjects:
Account deficits.
Aggregate demand.
Amortization payments.
Article IV consultation reports.
Balance of payments.
Banking systems.
Budget balance.
Budget balances.
Budget deficits.
Budget projections.
Budgetary central government.
Central bank.
Central banks.
Currency debt.
Current account.
Current account balance.
Current account deficit.
Current account deficits.
Debt data.
Debt dynamics.
Debt ratio.
Debt reduction.
Debt stock.
Debt sustainability.
Debt sustainability analysis.
Defense spending.
Economic indicators.
Economic reforms.
Excessive deficit procedure.
Expansionary fiscal.
Expansionary fiscal stance.
External debt.
External debt data.
Fiscal accounts.
Fiscal activities.
Fiscal adjustment.
Fiscal assumptions.
Fiscal consolidation.
Fiscal constraint.
Fiscal data.
Fiscal deficits.
Fiscal difficulties.
Fiscal effort.
Fiscal imbalances.
Fiscal management.
Fiscal outturn.
Fiscal planning.
Fiscal policy.
Fiscal pressure.
Fiscal pressures.
Fiscal reporting.
Fiscal retrenchment.
Fiscal savings.
Fiscal situation.
Fiscal stance.
Fiscal surpluses.
Fiscal sustainability.
Fiscal transparency.
Fiscal variables.
Foreign currency debt.
Foreign debt.
General resources account.
Government budget.
Government budget balance.
Government debt.
Government deficit.
Government deficits.
Government revenue.
Gross domestic product.
Interest expenditure.
Long-term fiscal sustainability.
National debt.
Primary deficit.
Primary expenditure.
Private credit.
Private debt.
Public debt.
Public finances.
Public sector debt.
Quasi-fiscal activities.
Revenue collection.
Spending cuts.
Staff Reports.
Structural adjustment.
Tax administration.
Tax breaks.
Tax cuts.
Tax policy.
Tax rates.
Tax reform.
Tax revenues.
Total external debt.
The staff report for the 2004 Article IV Consultation on Greece focuses on economic developments and policies. Rising incomes and a falling, though still high, unemployment rate underpinned strong household consumption, while increased profitability spurred investment spending, especially construction. Inflation has been above the euro area average, eroding international competitiveness and export market shares. Regarding structural policy, the authorities recognized that Greece still lags significantly behind the European Union in real per capita income despite the economic boom.
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