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Structural measures The Adjustment Programme contains a large variety of structural reforms, designed to strengthen the supply side of the economy by improving internal competition and external competitiveness. A crucial pension reform was passed early in 2010, and a new wave of structural reforms is currently being implemented in areas such as the labour market, competition policy, the exercise of professions, administrative simplification, investment and export promotion and restructuring of state-owned enterprises.

In the third and most desirable scenario, though GDP growth and the primary deficit share the same characteristics as in the second scenario, the EUR 50 billion privatisation and asset management programme is considered fully implemented and successful. 5%. 5% beyond 2014 for public debt to achieve the same outcome. 1. Greek Ministry of Finance (2011),” Medium-Term Fiscal Strategy”, presentation, 23 May. OECD PUBLIC GOVERNANCE REVIEWS: GREECE 2011 © OECD 2012 1. THE DEBT CRISIS AND THE ROLE OF THE CENTRE OF GOVERNMENT – 43 Moving forward: the role of the Centre of Government The nature and importance of the Centre of Government Across OECD member countries, the centre of government defines the small set of institutions at the core of the central administration which have the authority, responsibility and capacity to lead the development of a strategic vision and direction for public policies, and the effective implementation of this vision in practice and over time.

The Centre of Government is the steward of the strategic vision. It is accountable for overall results, and oversight of delegated responsibilities. It is important, however, to avoid over rigid “command and control” structures and micro management, but instead, to work toward a system where the Centre of Government can exert effective oversight and clarify lines of accountability. Line ministries also need to exercise leadership for the actions and policies for which they are responsible, within the overall framework of a shared collective commitment.

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