In its latest report on Greece, the European Commission’s Task Force has noted that “Greek public administration has continued significant rationalization of the workforce” and argues that the reforms are delivering results.
The European Commission’s estimations on the progress of reform in the Greek economy appear to be confirms by the annual OECD rankings on reform responsiveness, where Greece has excelled.
These encouraging comments came in spite of IMF estimations that “adjustment fatigue” has made it difficult for the coalition government to carry out the agreed-upon reforms and changes.
In an article published by Bloomberg, the former head of the Council of Economic Advisers (SOE) Panos Tsakloglou stated that the Greek government has implemented many reforms and that “the full benefit of these reforms will only be seen once the economy starts picking up”.
