The Secretary-General says the package will provide the necessary confidence and breathing space for Greece to work on its recovery and for Europe to address its sovereign debt crisis.
Governments should invest more in disadvantaged schools and students to ensure that everyone gets a fair chance, according to a new OECD report.
The country statistical profiles include a wide range of indicators on economy, education, energy, environment, foreign aid, health, information and communication, labour, migration, R&D, trade and society.
This report analyses the issues, sets out the evidence, and makes recommendations for moving forward rapidly to strengthen Greek public governance.
The Peer Review recommendations will help Greece build a sound and modern development co-operation system while also improving the quality and impact of its scaled back aid programme under the current national context.
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.