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While Greece has made some progress in restoring its macroeconomic stability and implementing much-needed initial fiscal adjustments since 2009, the highly unproductive public sector accounts for more than 50 percent of gross domestic product (GDP), and the country continues to confront a daunting debt burden and severe erosion of competitiveness. Serious challenges remain in government spending and freedom in labor and product markets. The fiscal deficit remains approximately 4 percent of GDP, and public debt exceeds 170 percent of GDP.

Adam smithPierre moscoviciGolden dawn partyOrganization for economicInternational monetary fundHeritage foundation index of economic freedomEuropean economic communityHeritage foundationFinancial affairsEuropean commission eurobarometerWorld bankBudget bureau of the greek parliament seeHeritage foundation index of economic freedomandEuropean unionGermany institute for applied economic researchWhile greece