Saving for stability - Greece’s recovery and resilience plan and its impact on the external position

For over two decades, Greece’s external position has been characterised by current account deficits and negative net foreign assets. The Recovery and Resilience Plan (RRP), supported by the EU’s Recovery and Resilience Facility (RRF), is a large-scale investment and reform programme, which may improve Greece’s economic and external prospects. How will a successful implementation of this plan affect the evolution of the country’s external position over the long term? Using a dynamic small open-economy general equilibrium

Source: op.europa.eu