1. Policies for Immediate Action and Medium-Term Policies

When the political mandate is given to implement a new economic policy, there are two levels of action: the first one has urgent direct character. The second includes policies that are being directly implemented, with the results occurring in the medium-term. This chapter focuses on the presentation of a series of policies for immediate action or for action in the medium-term for the Greek economy. More specifically, it presents issues related to the output gap and the importance of its management for the implementation of economic policy. Moreover, economic policy guidelines for the revitalization of the financial sector are presented, as well as the medium-term fiscal strategy for the Greek economy and the critical issue of the efficiency of the public property’s management and privatization.