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Quarterly Review

Greece Macro Monitor

01 Σεπτεμβρίου 2005
• Structural reforms at the heart of the government’s agenda
• Domestic economy performing well but risks linger
• Significant acceleration of EU funds’ absorption needed
• Tax revenues need a major boost
• Fiscal sustainability implies substantial primary surpluses
• Greek-EU inflation differential remains a drag on competitiveness
• Higher oil prices pose growth and inflation risks
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