Tag Archives: greek debt

Greek Government Hauls in Billions in Back Taxes

In a bid to increase revenues, the Greek authorities are employing all kinds of clever tricks to crack down on tax cheats, including using Google Earth to find undeclared swimming pools. But efforts by the government to liberalize markets could … Continue reading

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Steyn: Not just their Big Fat Greek Funeral (4)

From the Times of London: “The President of Greece warned last night that his country stood on the brink of the abyss after three people were killed when an anti-government mob set fire to the Athens bank where they worked.” … Continue reading

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Greek doctors and dentists who evaded tax are named (1)

Greece has published details of scores of doctors, dentists and surgeons who, it says, evaded tax as it attempts to shame the nation into replenishing the State’s depleted coffers. The Finance Ministry revealed the names of 57 of the worst … Continue reading

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Many Greeks Blame Foreigners for Their Crisis (4)

If it is to avoid sliding into the abyss, Greece must implement brutal austerity measures and increase its tax revenues. Yet many Greeks, including the political opposition, are in denial about the economic reality of the current crisis. Many ordinary … Continue reading

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Better to die from a bullet than working (2)

A red circled capital A – the international sign of anarchy – marks the door of the headquarters of the Anarchist Party at a university in Athens. Inside the lights are on, but nobody is home. Demetra, a ‘conservative’ student, … Continue reading

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Violence still hangs in the air (7)

All the banks in Athens were closed yesterday, their steel shutters still bearing the graffiti and circled black “A” symbols of the anarchists who mounted Wednesday’s deadly riots. Along the capital’s main boulevards, glaziers replaced smashed windows as labourers boarded … Continue reading

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Merkel: EU future at stake in Greek crisis (8)

Angela Merkel, the German chancellor, has warned that the future of the Europe Union is at stake as the crisis over the Greek bailout pushed the euro to a 13-month low against the dollar. Ms Merkel on Wednesday defended her … Continue reading

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Is Greece Just the Tip of the Iceberg? (5)

Fiscal Crisis: Now it’s a done deal: Greece got its $146 billion bailout, which the U.S. will help pay for. But anyone who believes the Western world’s financial crisis is over doesn’t understand what’s really happening. That may sound like … Continue reading

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Deflation Could Stall Efforts to Revive Greece (5)

PARIS — Greece, effectively bankrupt and with a European gun to its head, committed itself to years of austerity on Sunday when it signed a financial bailout deal with the European Union and the International Monetary Fund. But there are … Continue reading

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Greece erupts as men from IMF prepare to wield axe (9)

MAY DAY protests in Greece turned violent yesterday as youths in gas masks and hoods set fire to vehicles, smashed shop fronts and threw molotov cocktails and rocks at police in an explosion of fury over austerity measures they claim … Continue reading

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Greek debt crisis spreading 'like Ebola' (7)

The Greek debt crisis is spreading “like Ebola” and Europe must act now to protect the stability the financial markets, according to the Organisation for Economic Co-operation and Development. “It’s not a question of the danger of contagion; contagion has … Continue reading

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