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Politics : Politics for Pros- moderated

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To: Geoff Altman who wrote (520383)11/7/2012 7:54:35 PM
From: unclewest2 Recommendations  Read Replies (1) of 793568
 
Note Greece's massive underground economy:


I have been to mainland Greece and Crete numerous times. Not lately but nevertheless many times. I have a son-in-law who has been there lately.

Like the former Yugoslavia, Greece has developed a massive underground economy. Greeks do want to pay taxes to a failed govt.
I see no reason to believe Greece will have a different outcome than Yugoslavia that also reverted to an underground economy before collapsing.

You have been here. A lot of the farmers you saw around me have already expanded free trade and are trading extensively in a tax free underground economy. I predict it will continue to grow.

Thankfully they still accept dollars.
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