First Economic Adjustment Programme for Greece information
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The First Economic Adjustment Programme for Greece, initially called the Economic Adjustment Programme for Greece and usually referred to as the first bailout package or the first memorandum, is a memorandum of understanding on financial assistance to the Hellenic Republic in order to cope with the Greek government-debt crisis.
It was signed on 3 May 2010 by the Greek Government under then-prime minister George Papandreou on one hand, and on the other hand by the European Commission on behalf of the Eurogroup, the European Central Bank (ECB) and the International Monetary Fund (IMF).
Of the totaling €107.3 billion of financial assistance, €72.8 billion were disbursed by 1 March 2012, when the programme was superseded by the Second Economic Adjustment Programme for Greece comprising the undisbursed amounts of the first programme and additional €130 billion for the years 2012–14.
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the FirstEconomicAdjustmentProgrammeforGreece known as "memorandum". It emerged after a promise by the Greek prime minister in the World Economic Forum...
"The EconomicAdjustmentProgrammefor Portugal 2011-2014" (PDF). European Commission. 17 October 2014. "Occasional Papers 191: The EconomicAdjustment Programme...
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privatisation programme will be accelerated. Immigrants are sometimes treated as scapegoats foreconomic problems by far-right extremists. In 2013, Greece became...
"The EconomicAdjustmentProgrammefor Portugal 2011-2014" (PDF). European Commission. 17 October 2014. "Occasional Papers 191: The EconomicAdjustment Programme...
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November 2011 at the Wayback Machine. Arunabha Ghosh. Global Economic Governance Programme. Retrieved on 2 March 2007. "findebookee.com". findebookee.com...
"Stability Programme of the Republic of Cyprus 2012-2015" (PDF). Ministry of Finance. April 2012. "The EconomicAdjustmentProgrammefor Cyprus (European...
EconomicAdjustmentProgramme implemented from July 2015 to August 2018 was the last of the consolidated austerity programmes implemented by Greece in...
sovereign bailout programme, it shall not submit an EPP, as their content already will be covered by the conditional EconomicAdjustmentProgramme report. The...
The Organisation forEconomic Co-operation and Development (OECD; French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental...
remains conditioned to the adherence by the benefitting country to an adjustmentprogramme to the ESM. The program was adopted with near unanimity, the Bundesbank...
caused very serious economic problems forGreece and has again plunged the country into a new recession after some signs of economic recovery that have...
The United Nations Development Programme (UNDP) compiles the Human Development Index (HDI) of 193 nations in the annual Human Development Report. The...
Fund (IMF) may demand austerity measures as part of Structural AdjustmentProgrammes when acting as lender of last resort. Austerity policies may also...
states – Romania, Bulgaria, Greece and Serbia – for the purposes of furthering their European integration as well as economic, transport and energy cooperation...
Kotios, A.; Galanos, G. (2017). "How Greece's Systemic Weaknesses Limited the Effectiveness of the AdjustmentProgrammes" (PDF). Intereconomics. 52 (5): 293–301...
has pursued the harsh macroeconomic adjustment plans imposed on Greece are shaky, claiming they infringe upon Greece's sovereignty and interfere in the internal...