Hellenic Federation of Enterprises

Jobless rate has shrunk mainly thanks to poorly paid new jobs

The drop in Greece's unemployment rate appears to have been achieved through the creation of more jobs at low salaries, the Hellenic Federation of Enterprises (SEV) says, noting that the lion's share of the employment spike is seen in the salary bracket of 501-600 euros per month. The higher the salary, meanwhile, the lower the rate of the increase in employment.

Zero state spending in key areas such as the fire service

In the era of excessive primary budget surpluses, key state sectors such as healthcare, education, security and justice are underfinanced by the Public Investments Program, because slashing essential spending is one of the ways in which excessive surpluses are created, to be distributed as handouts.

Taxes, corruption hamper business

High tax rates and the combination of corruption with a lack of transparency top the list of the most important obstacles to entrepreneurship in Greece, according to a survey conducted by MRB for the Hellenic Federation of Enterprises (SEV). The corruption and insufficient transparency combo has risen from the fifth most significant obstacle last year to the second in 2018.

SEV calls for fiscal discipline in post-bailout period

Greece's post-bailout recovery will require "a greater sense of responsibility" from the country's political leadership than that exhibited during the adjustment period of the last eight years, as Greece will lose the financial safety net provided by its creditors, the Hellenic Federation of Enterprises (SEV) said on Thursday.