![]() Detailed composition for next disbursement by EFSF following the review Table 13. Disbursements under the Greek adjustment programmes (EUR billion) Table 12. Addressing financing needs and reducing the debt-to-GDP ratio Table 11. Arrears to suppliers (EUR million) Table 10. Fiscal measures in the MTFS 2013-14 Table 7. Rationalization of social benefits Table 6. Primary Balance and GG Balance 2013-2016 Table 4. Fiscal quantitative performance criteria (EUR billion) Table 3. Macroeconomic scenario, main features (2010-2016) Table 2. Letter of Intent Memorandum of Economic and Financial Policies Memorandum of Understanding on Specific Economic Policy conditionality Technical Memorandum of Understanding Baseline and measures to improve debt sustainabilityĪnnex 1: Assessment of compliance with the Memorandum of Understanding on Specific Policy Conditionality (seventh update, November 2012) Annex 2: Macroeconomic forecast Annex 3: Updated programme documents DEBT SUSTAINABILITY ANALYSIS AND PROGRAMME FINANCINGĤ.1.1. ![]() Regulated professions and professional qualificationsĤ. Technical Assistance and Monitoringģ.7.5. Increasing the impact of structural and cohesion funds 3.9. Reforming the judicial system to support economic activityģ.8. Efficient Network Industries and Servicesģ.7.1. Promoting an efficient and competitive business environmentģ.7. Creating favourable conditions for economic activityģ.6.1. Strengthen labour market institutions and promoting employment 3.6. Completing the pension reform to secure sustainability 3.3.7. Making the public administration more efficient and effective 3.3.6. Public Financial Management Reform 3.3.5. Privatising to boost efficiency in the economy and reduce public debt 3.3.2. Structural reforms with budgetary relevanceģ.3.1. Fiscal outlook in 2013 and subsequent yearsģ.2. MACROECONOMIC AND FINANCIAL DEVELOPMENTSĢ.1 Macroeconomic Developments 2.2 Financial Market Developmentsģ.1.1 Fiscal performance under the programme 3.1.2.Fiscal performance in 2012 3.1.3. The Second Economic Adjustment Programme for Greece First Review December 2012ĮXECUTIVE SUMMARY 1. ![]() KC-AH-12-123-EN-N ISBN 978-92-79-22928-2 doi: 10.2765/25398 © European Union, 2012 Reproduction is authorised provided the source is acknowledged.Įuropean Commission Directorate-General for Economic and Financial Affairs ![]() It can be accessed through the Europa server (ec. ) This paper exists in English only and can be downloaded from the website ec./economy_finance/publications A great deal of additional information is available on the Internet. Legal notice Neither the European Commission nor any person acting on its behalf may be held responsible for the use which may be made of the information contained in this publication, or for any errors which, despite careful preparation and checking, may appear. Comments and enquiries should be addressed to: European Commission Directorate-General for Economic and Financial Affairs Publications B-1049 Brussels Belgium E-mail: mailto: Views expressed do not necessarily reflect the official views of the European Commission. ![]() The “Papers” are intended to increase awareness of the technical work being done by the staff and cover a wide spectrum of subjects. Occasional Papers are written by the Staff of the Directorate-General for Economic and Financial Affairs, or by experts working in association with them. The Second Economic Adjustment Programme for Greece First Review - December 2012 ![]()
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