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OECD Competition Assessment Reviews: Greece

image of OECD Competition Assessment Reviews: Greece

The work undertaken by the Greek authorities in recent years to reinforce competition law and the Hellenic Competition Commission, to simplify business administration and to liberalise professional services have demonstrated the political willingness to address the problem of existing regulatory barriers to competition that have contributed to holding back the economic recovery.

The OECD Competition Assessment Project, through the scrutiny of legislation in four sectors of the Greek economy, food processing, retail trade, building materials and tourism, has identified 336 areas where particular reform can be undertaken, from a total of 539 provisions that were selected using the OECD Competition Assessment Toolkit.

If our recommendations are implemented, benefits to consumers in Greece and to the Greek economy should arise in all four sectors. Throughout this report, we seek to identify the sources of those benefits and where possible provide quantitative estimates. Estimates are made on the basis of experiences of deregulation in other countries in some instances, or by relating conservative estimates of efficiency gains to the overall size of the business activity affected.

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Foreword and Acknowledgements

Greece is going through the deepest recession in the euro area. Since the onset of the crisis it has had a sharp contraction in GDP and an increase in joblessness, especially among youth. Steps have been taken to strengthen public finances and to implement the structural reforms that are needed to restore growth and competitiveness over the longer term.

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