Greece and Europe: Worries about the future

Yannis Behrakis/Reuters

The talks have stalled between Greece and its international creditors, causing uncertainty both in Greece and Europe, and indeed around the world. All eyes are now on the referendum which Prime Minister Alexis Tsipras has called for next Sunday. 

Greece is a founding member of the OECD, which has been working to support Greece’s structural reform efforts throughout the crisis, with a focus on reforms in areas such as wholesale trade, media markets, construction, banking, and services, as well as reforms to labour markets, pensions and public procurement. On 17 June Greek finance minister Yanis Varoufakis met with OECD Secretary-General Angel Gurría to discuss progress. 

For more on Greece at the OECD, see www.oecd.org/greece/

See also www.oecd.org/eu




Economic data

GDP growth: +0.5% Q2 2019 year-on-year
Consumer price inflation: 1.6% September 2019 annual
Trade: -1.9% exp, -0.9% imp, Q2 2019
Unemployment: 5.1% August 2019
Last update: 6 November 2019

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