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Yeap, there is plenty-o-money! November 16, 2012

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis, Opinion.

This is something we discussed before, but in case you forgot, here we go again: 3 million bank transfers were done from 2009 by persons (not companies) from Greece to banks abroad for a sum total (please be seated first!) of 33 billion euro (to understand this magnitude consider that this is about 10% of the current debt level and 15% of nominal GDP!!!). Hey, no one is saying that this is from tax evasion or something like it. It just makes you wonder…by the way the total amount of collectable back taxes is about 60 billion (of which only about 8 million are actually receivable). Here is the news piece in Greek.



1. Constantina - November 18, 2012

Well, this is a pompous testimony that it is NOT just politicians that brought the country at this point! Where does this money come from? Because I’ve heard that my salary is cut again…

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