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Following scrutiny of legislation in four sectors of the Greek economy, food processing, retail trade, building materials and tourism, this report identifies areas where reform could be undertaken to address regulatory barriers to competition in Greece.
The Greek government and the OECD are working together to assess the costs and benefits of regulations restricting competition in the tourism, retail trade, food processing and construction materials sectors and to propose specific recommendations for change.
An 11-month investigation by the OECD in cooperation with the Greek authorities has identified a wide range of regulations and legal provisions that undermine competition.
We know that Greece is undergoing a profound and painful economic adjustment, but we are convinced that continuing down the path of ambitious reform will ultimately see a return to robust, broad-based growth that will improve the well-being of all Greek citizens, said OECD Secretary-General.
We understand how much Greek society has endured these past six years. Reform isn’t easy at the best of times, but it can be even more challenging in the face of a weak economy while at the same time trying to correct a budget deficit. But all crises come to an end. Growth does return. Now is the time to maintain the momentum of Greece’s reform drive, said OECD Secretary-General.
High public debt leaves virtually no room for fiscal manoeuvre to limit the impact of the crisis in Greece. The close trade and banking links established with the Balkan countries might be a risk in the near future.
This working paper assesses the potential economic benefits from structural reforms in Greece.
English, , 354kb
This working paper suggests that a successful reform of public enterprises would improve productivity in key sectors of the Greek economy, and thus provide essential inputs at lower cost to the economy as a whole.