Greeks face the horror of closed banks as Thatcher’s day of reality finally arrives. They collectively voted for politicians who made each election an auction of other people’s money. And from the man in the street to the editorial writers in the Greek media, the politicians of every party, every businessman and banker, they all…
At the end of 2014, Greeks owed their government about $US86 billion (or $NZ154 billion) in unpaid taxes accrued over decades. The government says only less than 10% of that can be recovered, with the rest lost to insolvency. Billions more in taxes are owed on never-reported revenue from Greece’s vast underground economy, which was…
The Greeks recently elected an extreme left govt (Syriza) as a kind of protest vote against the austerity measures of the previous govt. What the thinking was behind this move one can only guess at, but I think its a similar kind of mood to that which made Queenslanders recently elect the Labor party to…
TrueblueNZ 