Solving for Structural Gravity in Panels. Yes we can

Summary:

This report is based on the findings of a mission to Athens between 6 and 8 May 2019 and regular dialogue with the authorities (14). The mission was conducted by the Commission in liaison with the ECB (15); the IMF participated in the context of its 2019 Article IV surveillance cycle, while the ESM participated in the context of its Early Warning System and in line with the Memorandum of Understanding of 27 April 2018 on working relations between the European Commission and ESM.

Enhanced surveillance provides a comprehensive framework for monitoring economic developments and the pursuit of policies needed to ensure a sustainable economic recovery. To this end, this report includes an assessment of economic conditions in Greece (chapter 2); an assessment of implementation of reform commitments given by Greece to the European partners (chapters 3-8); and an update on sovereign financing conditions and debt repayment capacity (chapter 9). This report is issued alongside the 2019 spring Semester package that includes an assessment of Greece’s Stability Programme and the Commission Recommendation for country-specific recommendations to Greece.