Greece
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OECD

Mythbuster: Greeks Work More Than Germans

The British newspaper The Guardian, in an article about the work ethic in European countries, noted a report that dispels the notion that Greeks are lazy and that they work more hours than even Germans, their frequent critics. According to...

Greek Red Tape Costs 14 Billion Euros

Greece's slow and burdensome bureaucracy is estimated to cost the cash-strapped country a total of 14 billion euros a year, ($18.26 billion) or 6.8% of Gross Domestic Product (GDP) - almost double the European Union average of 3.5%. That was...

Despite Greek Debt Deal, OECD Sees Recession

Even as Greek Prime Minister Antonis Samaras said the pending release of a $56.7 billion in a first series of installments in a second bailout of $172 billion has saved Greece, the Organisation for Economic Co-Operation and Development (OECD)...

Too Expensive: Fewer Greeks Studying Abroad

With a crushing economic crisis cutting back purchasing power, fewer Greeks are able to afford going abroad to study at universities. The Organization for Economic Co-operation and Development (OECD) Education at Glance for 2012 report showed the number of the...

OECD Chief Gurria Says Eurozone Will Stay Intact

The European Central Bank should do more to stem the crisis in the Eurozone because current financial entities are not sufficient, the Secretary-General of the Organisation for Economic Cooperation and Development (OECD) said on Sept. 2. "If you have the...

OECD Head Says Greece Should Stay in Eurozone

PARIS - Despite a crushing economic crisis, Greece should stay in the Eurozone of the 17 countries using the euro as a currency, but must continue to implement reforms at the same time, Angel Gurria, Secretary-General of the OrgThe...

OECD: Greece Seen in Recession Until Mid-2013

Greece's battered economy will keep shrinking until mid-2013 as fiscal belt-tightening continues to weigh while austerity fatigue may hamper the pace of reforms, the OECD projected in its May outlook on Tuesday. The twice bailed-out country is headed for crucial...

Greece Gets it Loan, but Worries Mount Faster

ATHENS – After weeks of anguish, Greeks found out that international lenders providing the country with a series of bailout loans will release a delayed $11 billion installment needed to keep paying workers and pensioners, but it curiously did...

OECD Sees Greek Recession Deepening, Downside Risks

Greece΄s economy is expected to shrink 6.1% this year and 3.0% next year, the Organization for Economic Cooperation and Development said Monday, taking a bleaker view of the country΄s deepening recession than that held by Greece΄s official lenders. Despite that,...

OECD:The European Agreement Has Little Effect on Amount of Greek Debt

The Organisation for Economic Co-operation and Development (OECD) believes that the additional money to be given and the Greek debt restructuring agreed upon recently by European leaders will offer Greece the necessary time to move on with its reforms. However, the...