- IW Director Michael Hüther in "die Welt" ·
- Contribution ·
- 19 June 2015
Rapid assistance for Athens
Without a doubt, Greece has made headway on a rocky road so far, implementing cuts on government spending (including the military) as well as on wages and pensions, and liberalising its labour market. In cyclically adjusted terms, budget positions between 2010 and 2014 indicated a significant upswing from -9.4 per cent to +1 percent, with the OECD referring to Greece as one of the most reform-dynamic states. Nevertheless, it remains clear that these measures do not suffice, and that significant problems persist.