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elleng

(130,905 posts)
Sat Mar 14, 2015, 02:00 AM Mar 2015

O.E.C.D. Will Advise Greece on Economic Overhauls.

PARIS — Greece will get advice from the Organization for Economic Cooperation and Development on ways to revamp the country’s economy, under a deal announced on Thursday.

The Greek prime minister, Alexis Tsipras, and the head of the O.E.C.D., José Ángel Gurría, made the announcement at a news conference in Paris, indicating that Mr. Gurría’s group would help Greece with the economic changes that its international creditors are demanding in exchange for unlocking additional bailout money.

The O.E.C.D. is a research and discussion forum for the world’s most advanced economies.

Mr. Tsipras also pledged on Thursday that Greece’s embattled government would pursue economic overhauls and chase down tax evaders. In addition, he asserted that the era of painful austerity measures demanded by the country’s creditors, which he said had devastated his country’s growth and social services, had come to an end.

“There will be reforms that will be promoted because we are now at a turning point,” Mr. Tsipras said. “We have a new government that does not depend on the financial oligopolies, we are not dependent on the past. We have a government that is supported by a majority of the people.”

http://www.nytimes.com/2015/03/13/business/international/oecd-will-advise-greece-on-economic-overhauls.html?mabReward=R2&action=click&pgtype=Homepage&region=CColumn&module=Recommendation&src=rechp&WT.nav=RecEngine

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