Friday, December 9, 2011

Big Bang Approach' Needed: OECD Report Questions Greece's Ability to Reform

The need for deep structural reforms in Greece is well-known. But a new OECD report indicates that Athens may be incapable of such far-reaching changes. Ministries don't communicate, officials don't keep records and oversight is virtually nonexistent. The only thing that might help, it says, is a "big bang."



Spiegel