OECD
Economy
Stournaras Disputes OECD forecast
Greek Finance Minister said the Paris-based Organisation for Economic Cooperation and Development (OECD) was wrong in a report which predicted the country's recession would cointinue for a seventh year in 2014.
The OECD report released on May 29 forecast that...
Economy
Greek Seven-Year Slump Seen by OECD Testing Limit of Bailout Aid
Greece may need additional funds under its bailout program from the European Union and International Monetary Fund as output drops for a seventh year in 2014, the Organization for Economic Cooperation and Development said.
Gross domestic product will decline 1.2...
Economy
OECD Says Greeks Work More, Paid Less
Busting another myth about Greeks - apparently they aren't as lazy as the German say - the Parish-based Organisation for Economic Co-Operation and Development (OECD) has reported that they worked 2,032 hours a year in 2011, considerably higher than...
Economy
OECD Says Prices High In Greece
Already pummeled by big pay cuts, tax hikes and slashed pensions that have cut their disposable income as much as 46 percent, Greeks are being hammered by some of the highest prices for products in the European Union, a...
Europe
Greek Children Not Well Off, But Happy
The United Nations Children's Fund, or UNICEF, conducted a research among the 29 wealthier countries of the Organization for Economic Cooperation and Development (OECD) that shows Greek children rank 25th in well-being, but 5th in a happiness index.
The result...
Europe
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...
Economy
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...
Economy
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)...
Education
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...
Business
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...