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The government and citizens of Greece continue their arduous efforts to put the economy back on a sustainable path, despite seemingly insurmountable challenges. The implementation of reforms is key to getting through this tough period and ultimately equipping people with the tools they will need to share the benefits of growth, said OECD Secretary-General.
We know that Greece is undergoing a profound and painful economic adjustment, but we are convinced that continuing down the path of ambitious reform will ultimately see a return to robust, broad-based growth that will improve the well-being of all Greek citizens, said OECD Secretary-General.
We understand how much Greek society has endured these past six years. Reform isn’t easy at the best of times, but it can be even more challenging in the face of a weak economy while at the same time trying to correct a budget deficit. But all crises come to an end. Growth does return. Now is the time to maintain the momentum of Greece’s reform drive, said OECD Secretary-General.
The role of government is to act as an enabler, generating the right conditions for growth and ensuring that its benefits are fairly distributed. Both the Competition Assessment and the Administrative Burden Reduction project can serve as roadmaps to achieve these goals by making it easier to do business in Greece, said OECD Secretary-General.
OECD Secretary-General Angel Gurría congratulates the Greek authorities for the successful outcome of the voluntary Greek debt exchange programme.
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.
In this interview for the German radio Deutschlandfunk, Angel Gurría warns that delays are threatening the stability of the international financial system and could spread the crisis to other countries.
In his remarks to the Central Bank of Greece, Mr. Gurría offered the OECD support, expertise, and policy experience to help Greece modernise its economy and put it on a path of sustained growth.