Greece Makes Progress with Debt, Should Press on with Reforms - IMF

Greece Makes Progress with Debt, Should Press on with Reforms - IMF

The International Monetary Fund (IMF) said Greece has made headway in cutting government debt and improving its competitiveness but needs to press on with structural reforms, Reuters reported.
The IMF urged Greece to step up the fight against tax evasion and address labour competition in order to ensure that the burden of austerity is evenly distributed among employees and pensioners, Reuters said.
"Decisive corrective actions are needed in each of these areas to promote an early supply response and achieve a more balanced distribution of the burden of adjustment," the IMF said after its visit. "The mission welcomes that the government is refocusing its program in recognition of these problems."
The taboo against mandatory dismissals of public workers must be overcome, the IMF also said. 
 

 

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