Greece

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The costs of delaying fiscal consolidation: a case study for Greece

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22-Oct-2007

Vassiliki Koutsogeorgopoulou and David Turner

Since 2004, the fiscal deficit has been brought down by over 5% of GDP to below the 3% limit in 2006, which is a major achievement. The government plans a more gradual reduction over coming years so that overall balance or surplus is reached no later than 2010.

OECD Anti-Bribery Convention and Greece - Report on Progress on the Implementation of the Phase 2 Recommendations since July 2005

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12-Sep-2007

Follow-up Report on the Implementation by Greece of the Phase 2 Recommendations on the Application of the OECD Convention and the 1997 Recommendation on Combating Bribery of Foreign Public Officials in International Business Transactions.

Economic survey of Greece 2007: Fostering competition in network industries

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30-May-2007

 Effective competition in the network industries remains weak. Substantial challenges exist in the energy sector, where vertical integration hampers the emergence of genuine competition, despite the legal opening of the market.

Economic survey of Greece 2007: Improving tertiary education

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30-May-2007

Greece currently has one of the most centralised and least flexible systems of tertiary education in the OECD. The recent reform of the university system provides a necessary step in the right direction, though further steps will be required, to remedy all shortcomings.
 

Economic survey of Greece 2007: Easing entry into the labour market

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30-May-2007

 Despite the progress achieved, there is scope for policy to facilitate entry to the labour market particularly by reducing minimum labour costs and easing the relatively strict employment protection legislation.
 
 

Economic survey of Greece 2007: Pensions: a comprehensive reform is urgently needed

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30-May-2007

A major pension reform is urgently required to ensure fiscal sustainability, eliminate distortions against working at older ages and deal effectively with poverty issues.
 
 

Economic survey of Greece 2007: The gains from prompt fiscal consolidation

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30-May-2007

Delaying fiscal consolidation, particularly the urgently needed pension reform, would have substantial longer-term costs in terms of higher taxes and additional debt service costs. In addition, this would heavily skew the tax burden towards future generations.
 

Economic survey of Greece 2007: Recent performance and key challenges

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30-May-2007

Growth in GDP per capita over the last decade has been among the most rapid in the OECD. Strong growth is likely to continue but headwinds are building. What is the risk of a hard landing? What should the policy priorities be to sustain strong growth over the longer term?
 

Economic survey of Greece 2007

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30-May-2007

Greece has progressed rapidly over the past decade in closing the income gap with the best performing economies. However, significant further reforms are needed to ensure that good performance is sustained ...