'Migrants Crisis threatens Greek economy '

'Migrants Crisis threatens Greek economy '

World March 10, 2016 13:21

athens - The refugee crisis draws heavily on the Greek economy and the country has substantial outside assistance needed to overcome the consequences. This is contained in a report by the Organisation for Economic Co-operation and Development (OECD) on the state of the Greek economy.

Most of the refugees who came to Europe last year were from Turkey to cross to one of the Greek islands.,, Greece has made considerable help to meet these new challenges head '' said Secretary General Angel Gurria of the OECD.,, No country can meet this challenge alone. ''

Greece had been struggling with the effects of the severe budget cuts that had to be made in recent years. Those cuts were a precondition for the financial relief that received the Greeks the euro countries, the European Central Bank and the International Monetary Fund.

According to the OECD begin reforms to bear fruit, but must now be done to support the poorest in society. The OECD advocates, inter alia, the introduction of a minimum income for poor households and meals at schools in poor regions in the short term. In the medium term, there are also social housing, but as long as that has not happened yet, there should be targeted assistance to help the homeless and to reduce the pressure of high housing costs.

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