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Bloomberg news agency published an article referring to the quarterly report on Greece of European Commission’s Task Force and mentions that “Overhauls in Greek markets, the economy and public administration are delivering results”.

“Greek public administration has continued significant rationalization of the workforce,”.

According to the statements of an IMF official “adjustment fatigue has set in. This is making it difficult to move forward boldly and swiftly with needed reforms.”

“Despite so much talk to the contrary, the truth is that Greece has implemented lots of reforms,” said Panos Tsakloglou, a professor at the Athens University of Economics and Business who was Greece’s representative in the working group of senior euro-area finance ministry officials until June. “The starting point was very low, and the full benefit of these reforms will only be seen once the economy starts picking up.”

Also the article mentions that “As [Greece] struggles with 27 percent unemployment, the country has topped the league table for reform responsiveness among developed nations in the annual rankings of the OECD”.

Moreover, it is referred that the report states that “Greece has further reduced cost of starting up a business and taxes on property transfers”.

Original Source: Proto Thema

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