OECD Economic Surveys: Greece 2009 by OECD Organisation for Economic Co-operation and Development

By OECD Organisation for Economic Co-operation and Development

OECD's periodic overview of Greece's economic system. This 2009 variation examines how good Greece is weathering the commercial difficulty. It additionally seems at tips to convey Greece's public funds directly to a sustainable course, easy methods to enhance the functionality of the general public future health care process, and the way to elevate schooling results.

Greece has weathered the industrial predicament rather good, yet placing public financing on a sustainable course would require strengthening tax management and tighter expenditure administration. Greek health and wellbeing results examine favourably with the OECD common however the process is obvious as now not operating good by means of the inhabitants. Greece's academic signs lag in the back of these of alternative OECD nations and OECD makes wide-ranging techniques during this document.

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Extra info for OECD Economic Surveys: Greece 2009

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Org/els/employment/stats; OECD (2008), OECD Employment Outlook and Education at a Glance, OECD, Paris. the gap relative to countries with the least restrictive regulatory environments. The areas with most scope for additional reforms are: ● The number of procedures and the time needed for business registration should be reduced further to contain the high administrative costs incurred in meeting legal obligations. The fast development of a national registry for buildings and land is also important for the set-up and expansion of businesses.

One divided by the share of the euro denominated long–term government securities market multiplied by risk aversion. 6. Commercial bank exposure to Central Eastern European countries multiplied by risk aversion. Source: Haugh, Ollivaud and Turner (2009), “What Drives Sovereign Risk Premium? An Analysis of Recent Evidence from the Euro Area”, OECD Economics Department Working Paper No. 718. The comparison between Greece and Ireland is also informative. The rise of sovereign spreads appears more affected in Ireland than Greece by the expected fiscal balance worsening over the coming five years and the illiquidity of the government bond market.

15 Property price developments in Greece do not appear to be affected by imbalances in the mortgage loan market (Brissimis and Vlassopoulos, 2007). Indeed, house prices would seem to be explained by their basic determinants, namely higher incomes, lower interest rates and demographic factors such as the increase in the number of households due to their smaller size and the inflow of immigrants (NBG, 2006). e. around 2½ times the market’s annual absorption capacity), is putting downward pressure on prices.

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