OECD's Greek debt forecast shakes foundations of troika DSA

EconomyMacroeconomy Tags: Debt, OECD
Photo by Harry van Versendaal
Photo by Harry van Versendaal

The secretary general of the Organization for Economic Cooperation and Development (OECD), Angel Gurria, handed Antonis Samaras the Paris-based body’s Economic Survey for Greece on Wednesday. It contains staggering projections with regard to the country’s debt and gives the Greek prime minister and his cabinet much to think about.

The OECD outlines 329 actions and measures that can help Greece improve its competitiveness. It also highlights the sluggish performance of Greek exports - one of the areas the troika-led program has so far failed to improve. But most alarmingly, the OE...

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