Greece’s recovery from deep economic depression is finally gaining traction, according to the OECD. Economic growth has started to pick up led by a rise in exports while labour market reforms have improved competitiveness and are helping to create jobs.
With a qualified and well-engaged teacher workforce, motivated 15-year-old students with a strong sense of school belonging, and one of the lowest dropout rates across the European Union, Greece is well placed to build a strong and inclusive education system.
Greece should prioritise investment in education and training and improve the quality of teaching and educational leadership in order to boost medium and long-term growth prospects, according to a new OECD report.
Lifting many of the regulations stifling business competition in Greece would benefit both consumers, through lower prices, and firms, via higher turnover, according to the OECD.
The OECD and the Greek Government, with the support of the European Commission, today launched a collaboration project to strengthen Greece’s action plan to fight corruption.
Poor skills severely reduce a person’s chance of a better-paying and more-rewarding job, and have a major impact on how the benefits of economic growth are shared within societies. In countries where large shares of adults have poor skills, it is difficult to introduce productivity-enhancing technologies and new ways of working, which stalls improvements in living standards, according to a new OECD report.
Boosting economic growth and investment to create jobs, improve the stability of public finances and provide an effective social safety net are crucial to help Greece recover from the profound social costs of the economic crisis, says the OECD in its latest report.
OECD Secretary-General Angel Gurría and Greece’s Finance Minister, Yanis Varoufakis, met today to discuss the design and implementation of a series of reforms that the Greek Government is planning to introduce in different policy areas.
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.