Greek official development assistance was USD 508 million, amounting to 0.17% of its national income, in 2010. By volume, this represents a 28% fall over the past 2 years, from USD 703 million in 2008 and USD 607 million in 2009.
This 2011 review of energy policy in Greece finds that increasing competition and reducing the role of the state in the energy sector should add efficiency and dynamism to the economy. This, in turn, should help generate self-sustained employment and prosperity for the country.
Reforming the electricity and gas markets is an economic and political imperative. In particular, regulatory authorities must be given the necessary power and independence to reduce the market power of dominant firms. Commendably, Greece adopted a law to this end in August 2011. The envisaged reforms are fundamentally sound and can help the economy grow. The governmentfs key focus should now be on implementing this law in full without delay.
Greece has a large potential for wind and solar energy and is rightly determined to fulfill this potential. The renewable energy sector also provides opportunities for new industrial development, in particular if linked with R&D activities. To facilitate renewable energy projects, the government recently improved investment conditions significantly by increasing feed-in tariffs, shortening and simplifying the licensing procedures and introducing stronger incentives for local acceptance.
Greecefs oil and gas sources are already well diversified. Gas use is projected to increase, as the country moves to decarbonise its coal-dominated power sector. Experience from IEA member countries has shown that enhancing energy efficiency can help improve energy security in a cost-effective way. This, in turn, can help mitigate climate change and deliver economic benefits.
People with university degrees have suffered far fewer job losses during the global economic crisis than those who left school without qualifications, according to the latest edition of the OECD’s annual Education at a Glance.
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The 2011 edition of Education at a Glance: OECD Indicators enables countries to see themselves in the light of other countries’ performance.
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.
Greece needs to look beyond its short-term difficulties and start to prepare for a brighter future. It is at the crossroads, but can succeed, provided that it undertakes and implements relentlessly the right reforms. The reform of education is in fact the key to Greece’s future prosperity.
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This report focuses on the efficiency of the education system in compulsory education and outlines short, medium and long-term steps that Greece should follow to emerge with a highly performing education system.
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This project is organized to make the most of the OECD’s strengths—to provide a framework through which governments can compare experiences, seek responses to tackle common problems, and identify and share good practices.
These country notes contain over 50 indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation. They include a description of government policies on integrity, e-government and open government.
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Europe has been beset by an interrelated banking crisis and sovereign debt crisis. Bond spreads faced by Greece and Ireland, and to a lesser extent Portugal followed by Spain, have increased. This paper explores these issues from the perspective of financial markets, focusing mainly on the four countries in the frontline of these pressures: Greece and Portugal, on the one hand, where the problems are primarily fiscal in nature; and