Money targets | Business & Finance homework help
The European Union, along with other allies such as the International Monetary Fund (IMF), have injected a number of policy making measures in order to keep Greece afloat and prevent a full-scale financial crisis. In 2010, the EU spearheaded an economic adjustment program for Greece that was designed to improve market confidence through fiscal consolidation and structural reform. This included reforms in areas that include labor markets, pension systems, public administration savings targets, privatizations, tax policies/procedures, banking supervision/monitoring and capital market regulations. The goal of this initiative is to reduce Greece’s budget deficit while also improving competitiveness in order to generate long-term economic growth.
In terms of monetary targets set by the EU, they have put in place several conditions or benchmarks that must be met within prescribed timeframes before any bailout money is released or debt relief is granted. These conditions including attaining primary balance via budget cuts/structural reforms; meeting certain sustainability goals like lowering debt ration levels as well as closing technical gaps in macroeconomic data and statistics so that accuracy can be ensured when assessing performance moving forward.
Apart from this there are various other initiatives supported by external movement agency such Bank For International Settlements which been providing assistance program further strengthen prospects country’s stability success example recently launched Sustainability Linked Bond Framework provide new type financing tool help raise funds behalf needed investments ensure safety citizenry comfort Diaspora living far flung locations alike; additional good news euro adoption process securely underway paving way positive outlook future leaders inside out!
References:
Capital Economics. “Greece – We Could Be Close To A Bailout Deal” Accessed April 15th 2021 from https://capitaleconomics.com/commentary/eurozone-monitor/greece-we-could-be-close-to-a -bailout-deal/.
Center for European Policy Studies (CEPS). Economic Adjustment Programme for Greece., 2011 March 7th , accessed 14 april 2021 from https://www.econstor.eu /bitstream /1041903236 /150348 /1 /747226959 .pdf.
European Commission (EC). Loans & Precautionary Balance of Payment Assistance., 2019 November 26th , accessed 14 april 2021 from https://ec .europa .eu /info /business -economy -euro/monetary -financial -issues/-fiscal issues//loans_precautionary_balance_of _payments__en#fn2.
International Monetary Fund (IMF). An Economic Adjustment Program for Greece : Runningthe Numbers.. 2009 June 8th ,accessed 14 april 2021 fromhttps: //www .imf .org/.