One of the aims of Greece’s adjustment program has been to make the country more competitive, with a particular view towards boosting its exports. The main tool for this exercise has been the policy of internal devaluation, which has seen wages drop substantially.
The claim seemed absurd from the start and the World Health Organisation (WHO) confirmed on Tuesday that it had made an error in one of its reports, which stated that half of new HIV infections in Greece were “self-inflicted” so sufferers could claim state benefits.
Greece made the biggest reduction in its healthcare budget of any OECD country between 2009 and 2011, cutting spending by more than 11 percent, according to a report published on Thursday.
Seven in 10 Greeks are raiding their savings in order to make ends meet, while two in 10 say they have no deposits at all, according to a new survey by Public Issue.
The Organization for Economic Cooperation and Development (OECD) has published its annual Government at a Glance report for 2013. The study includes some interesting data on Greece, particularly with regard to people’s plummeting trust in decision makers.
One of the common complaints in Greece over the past few years is that although wages and pensions have been reduced substantially, the prices of even basic goods remain high. The crisis has, however, prompted somewhat of an awakening among a section of Greek consumers.
Less than one percent of young Greeks believe that voting is a way to make their voice heard, according to a new survey that also suggests teenagers are feeling increasingly ignored by decision makers.
Improving tax collection in Greece has been one of the dominant themes over the past three years as the government not only tries to boost its revenues but also aims to ensure greater fairness amongst taxpayers, which is a key factor towards increasing the acceptance of the challenging fiscal adjustment program the country embarked on in 2010.
One of the main problems the Greek state faced at the start of the crisis was putting right the obvious public administration inefficiencies that had become an undue burden on the country’s finances while also being a source of gross unfairness. An example of this was Greece’s pension system and the poor way in which it was managed.
It is clear that the economic environment in Greece over the last few years has been unfavourable for local businesses. Demand has plummeted, liquidity has evaporated and political instability coupled with international speculation about Greece’s future in the euro have created numerous and large obstacles for Greek entrepreneurs in all sectors.