The risk of Greek companies bribing foreign officials is substantial, but Greece has not given the same priority to fighting foreign bribery as it has to domestic corruption.
The OECD and Greece agreed today to work together on the design and implementation of the structural reforms needed to ensure inclusive and sustainable economic growth.
Greek Prime Minister Alexis Tsipras met OECD experts led by Secretary-General Angel Gurría in Paris on Thursday 12 March to discuss Greece’s reforms. Prime Minister Tsipras was accompanied by Yanis Varoufakis, Minister of Finance; Nikos Pappas, Minister of State; and Euclid Tsakalotos, Minister for International Economic Relations.
Mr. Angel Gurría, Secretary-General of the OECD, was in Athens on 10-11 February 2015 on an official visit to Greece.
Meeting Greece’s Minister of Development and Competitiveness Mr. Kostas Skrekas today, OECD Secretary General Angel Gurría said the Greek government’s reform programme was already showing positive results.
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Despite moderate signs of recovery across many OECD countries in 2014, the unemployment rate in Greece remains stuck at close to its highest level since the onset of the economic crisis (27.2% as of May 2014). OECD projections suggest that the expected joblessness rate in Greece will remain high (around 27%) through to the end of 2015.
Specific country notes have been prepared using data from the database OECD Health Statistics 2014, June 2014 version. The notes are available in PDF format.
Greece could save its businesses hundreds of millions of euros a year and improve their competitiveness by reducing administrative burdens, according to a new OECD report.
The average worker in Greece faced a tax burden on labour income (tax wedge) of 41.6% in 2013 compared with the OECD average of 35.9%. Greece was ranked 11 of the 34 OECD member countries in this respect.
Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased.