Selected Issues Papers

Greece’s judicial system efficiency has been one of the lowest in the EU; affecting adversely the country’s economic performance. The massive increase in demand for judiciary services during the crisis period resulted from significant business and personal insolvencies; along with limited availability of alternative dispute resolutions and relatively low court fees. The response of judiciary services supply did not match the demand owing to inadequate deployment of human and financial resources and a low level of digitalization. Policy simulations suggest sizeable gains from judicial reforms for investment and productivity. Reducing the imbalances in the judicial system is important not only to address the legacy issues; but also to create conditions for higher growth going forward.