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The high public debt and a large pension burden heighten the urgency to improve the efficiency of the public sector to enhance fiscal viability and restore room for manoeuvre for stabilization policy.
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.
Since 2004, the fiscal deficit has been brought down by over 5% of GDP to below the 3% limit in 2006. The government plans a more gradual reduction so that overall balance or surplus is reached no later than 2010. These and other points are discussed in this working paper.
Organising the 2004 Olympics has proved to be a unique opportunity for Athens and the region of Attica. This review assesses their opportunities for further development but also the complex inter-related problems they face, and provides recommendations for the post-Olympic
Please find here a brief description of one of our regional territorial reviews and links to the OECD bookshop with further information on the publication.
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Regulatory reform has emerged as an important policy area in OECD and non-OECD countries. Experience shows that institutional capacities and instruments are of crucial importance for a successful regulatory reform policy. This report on Governmen...
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This working paper suggests that despite the considerable progress, in recent years, in broadening the tax base and improving tax compliance as well as administration, more needs to be done to enhance efficiency and equity and the overall performance of the tax system.
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The main focus of this working paper is on the factors of the Greek pay-as-you-go system which result in its future unsustainability.
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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.