More changes needed to unlock private sector's potential, report says

EconomyFeatures Tags: Business, Labour, Reforms
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Greece has to take specific steps to unleash the potential of its business economy because the reforms implemented during its three adjustment programmes have not had the desired impact, a study carried out by the German Institute for Economic Research (DIW) argues.

The report, published on Wednesday, is authored by the institute’s Alexander Kritikos, Lars Handrich, and Anselm Mattes. It highlights that the Greek business economy experienced a 38 percent decline in gross added value since 2008 and that investment a...

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