Organization for Economic Cooperation and Development

OECD warns of impact on economic progress from handouts

The Organization for Economic Cooperation and Development (OECD) has warned Greece that it needs to stick to agreed reforms and fiscal targets if it wants to maintain current growth rates.

"Deviations from the current medium-term fiscal strategy would undermine gains in fiscal credibility," the OECD warned in its latest Economic Outlook report.

Workers in Greece see deductions grow

Taxpayers in Greece have been seeing their incomes shrink each year due to the taxes and social security contributions that employers and workers have to pay, and Organization for Economic Cooperation and Development (OECD) data point to the growing deductions of crisis-riven Greeks, in contrast to the trend in other member-states.

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