Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
Greece is in deep crisis after years of fiscal laxity and weak structural reforms. To return to sustainable growth, the fiscal consolidation and product and labour market reforms underway should continue, be closely monitored, with the burden of the adjustment fairly shared, according to the OECD Secretary-General.
OECD' Secretary-General welcomes the fiscal consolidation plan and loan package agreed by the Greek government, its Euro area partners and the International Monetary Fund.
In this interview for the German radio Deutschlandfunk, Angel Gurría warns that delays are threatening the stability of the international financial system and could spread the crisis to other countries.
In his remarks to the Central Bank of Greece, Mr. Gurría offered the OECD support, expertise, and policy experience to help Greece modernise its economy and put it on a path of sustained growth.
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
In an article published in Kathimerini, A. Dean says it's urgent for the government to improve the financial situation and the efficiency of its public sector. It's the only way to restore trust in public finances, maintain a high economic growth rate and improve fairness among generations.
Economic forecasts for GDP, unemployment, inflation and fiscal balance.
Despite progress over the past decades, Greece’s educational indicators lag behind those of other OECD countries. PISA scores are low, a large number of tertiary students study abroad, and attainment rates are low at all levels of education, as discussed in this working paper.
Greek health outcomes compare favourably with the OECD average. However, the health care system is seen as not working well by the population. These and other issues are discussed in this working paper.