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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.44+0.6%Dec 12 4:00 PM EST
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To: TobagoJack who wrote (112760)7/26/2015 12:44:13 PM
From: ggersh   of 218503
 
A tragedy for sure.....the part of Germany being freed of their debt after WWII is only
part of the problem. Throughout Europe the hatred still lingers

And the "black economy" of Greece sounds a lot like "cash business" here in the US

"And what of the suggestion, emanating from the popular press, that Greeks have been paying virtually no tax at all.

"Of course Greek people pay tax," says Plagianakos. "When I worked in Athens, my tax was deducted at source, I had no choice. But the official statistics say that 25 per cent of activity in Greece is in the black economy, so clearly someone isn't paying tax."

"You cannot fiddle your tax bill, but it is possible to bribe the tax auditors who assess your business for tax," says Pourzitakis, drawing on his experience at the Ministry of Finance. "The political leadership do not want to confront this issue."

And the other popular element of modern Greek mythology is that the problems in the economy are down to laziness on the part of the Greek people, who prefer sleeping in the sun to the hard labour necessary to lift them out of economic gloom. Even the affable and sanguine Stamatis is quick to contest that view."
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