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Greece

This country page contains, or links to, DG ECFIN’s recent analytical work on the economy of Greece.

Economic situation

The Commission publishes macroeconomic forecasts for the EU and the Member States three times a year, in the spring (May), in the autumn (November) and in the winter (February).

EU Financial assistance

Detailed information on the first and second adjustment programmes for Greece, including implementation, overview of disbursements and full programme reports:

Fiscal surveillance

Assessments of Greece’s stability programme

Greece is covered by surveillance under an economic adjustment programme. Therefore no stability programme was submitted this year.

The EU Excessive Deficit Procedure and Greece

Macroeconomic surveillance

National reform programme

As part of the Europe 2020 strategy for a smart, sustainable and inclusive EU economy, Greece submitted a national reform programme (NRP) in spring, which was assessed by the Commission.

Macroeconomic Imbalance Procedure

The Macroeconomic Imbalance Procedure (MIP) is a surveillance mechanism that aims to identify potential risks early on, prevent the emergence of harmful macroeconomic imbalances and correct the imbalances that are already in place.

The annual starting point of the MIP is the Alert Mechanism Report: Based on a scoreboard of indicators and economic judgment, it is a filter to identify countries and issues for which a closer analysis (in-depth review) is deemed necessary. The outcome of these in-depth reviews forms the basis for further steps under the MIP.

As Greece is subject to surveillance under an economic adjustment programme, the country is currently not covered by the Macroeconomic Imbalance Procedure.

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