In this paper on the vocational training system in Greece, the author Nikos Georgiadis presents an analysis of features and shortcomings of the prevailing situation. Last year a new law was adopted in which an innovative approach to apprenticeship training in Greece was incorporated. Already in 2012 a Memorandum of Cooperation in the field of VET was signed between the respective ministries in Germany and Greece and first results of this cooperation are reported here. Apprenticeship training schemes and other forms of work-based learning are as important as quality assurance issues and a learning outcomes approach. Last but not least an effective integration of EU Vocational education and training policies in the Greek education system is necessary in order to tackle youth unemployment.