My name is Iliana Diamanti and I am the group leader My partners are : Xrisanthi Vasiliadi Christina Kakoulaki Stavros Prassos

Greek economic crisis  High fiscal deficit  Irresponsible management of public expenditure  Large imports over exports  Low competitiveness  Dysfunctionality of the labor market  Economic reforms under the supervision of the TROIKA

Transformation of public sector  Should be transformed from an institution of hiring party supporters to a new one that will work only productive and efficient employees  Transformation from an old unproductive public sector to a new efficient provider of services  Financial rewarding

 Rapid increase of debt in 1980  Slower increase during Table 1: Government debt (Source: OECD)  (1 st May of 2010) the Greek government with prime minister George Papandreou decided to sign on a large EU/IMF loan package  3 years package  Volume of 110 billion euro  High interest rate 5.5% Year Gov. debt as % of GDP ,5115,1

These led EU/IMF to recreate a a 2 nd bailout loan package in July of This package was known at the 2 nd memorandum Memorandum II features : Volume of 100 billion euro Repayment period from 7 to 15 years Interest rate decrease to 3.5% This package was also accompanied again by austerity measures which were focused again in the size of public sector by making the great crisis more severe.

Low effectiveness of education relative to the European average Table 3:: Measures of outputs in education PISA score reading PISA score mathemat ics PISA score science Number of universities Greece EU27 average

But how we reach this evolution of the Greek public sector ? The 1 st is that Greek should be adjusted to foreign practices promoting meritocracy and trust The 2 nd one promotes the alignment of the evaluators and of those who will be evaluated, interest

The total wage bill in the Greek public sector is actually higher than the European average For example, In 2007 Greece spent the 11,2% of GDP ( Gross Domestic Product ) for the payment of civil servants,while the European Average was 10,4 of GDP However, this difference is not significant when it is placed in a wider content For example, Sweden spent the 15% of GDP.

Creating tougher penalities Modernize the old one accounting practices Relationship between government and citizens should be simplified and more anonymous Change attitudes and social behavior Fighting tax evasion