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2011 OECD Economic Surveys: Greece 2011

image of OECD Economic Surveys: Greece 2011

This 2011 edition of OECD's periodic survey of the Greek economy includes chapters covering fiscal sustainability, structural fiscal reforms, and labour and product market reforms.

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Executive summary

Greece has embarked on an ambitious adjustment programme to deal with the deep economic crisis by restoring sustainable public finances, competitiveness and the foundations for healthy and solid long-term growth. The economic adjustment plan is being implemented with the technical and financial support of the IMF, the European Union and the ECB, and – as announced on 21 July 2011 – the participation of Greece’s private creditors. It aims at tackling the root causes rather than the symptoms of the crisis.

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