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In Greece, Bailout May Hinge on Pursuing Tycoons
Keywords:
Causes of the debt crisis in Greece and the failure to come to terms with the problem inside Greece
03/03/2010
A estimated one third of the workforce is in the public sector in Greece placing a large burden on the government budget. Nominal private sector labor costs went up by 62% in Greece compared to 15% in Germany for the period 2000-2008. Much of this was done through the government spending of borrowed money. The smaller private sector with only small productivity gains and the weak tax collection was never going to be able to support the large number of civil servants. Carney says the 30,000 reduction in the number of civil servants agreed to for 2010 has not been done, raising questions about implementation of the 150,000 in reductions required by the EU.
Grouped Articles
Greek Debt Crisis: The Back Story
New York Times 08/13/2011
Wall Street Journal 03/03/2010
Athens's Love Affair With the Euro Persists
Wall Street Journal 11/04/2013
BusinessWeek 06/24/2010
The Submarine Deals That Helped Sink Greece
Wall Street Journal 07/10/2010
In Greece, Bailout May Hinge on Pursuing Tycoons
New York Times 02/26/2015
Greece - Swiss bank accounts, embezzlement cases, and corruption
06/24/2010
Grouped Articles
Former Greek Defense Minister Convicted of Graft
Wall Street Journal 10/07/2013
BusinessWeek 06/24/2010
Greek Prosecutors Focus on Corruption at the Top
New York Times 01/18/2014
Britain Fails to Find Riches It Expected in Swiss Accounts
New York Times 08/01/2014
In Greece, Bailout May Hinge on Pursuing Tycoons
New York Times 02/26/2015
Official's Cousin Steps Down Amid Probe
Wall Street Journal 01/03/2013
Greece's culture of tax evasion and the cost to the economy
06/24/2010
Economists using data from Greek banks estimate the tax evasion in Greece at $11 billion based on a 40% tax rate, or about one third of the deficit for 2009. Unreported income is 28 billion euros.
Grouped Articles
Greek Tax Crackdown Yields Little Revenue
New York Times 05/12/2013
BusinessWeek 06/24/2010
Greek Ship Owners Fear Syriza Tax Plan
Wall Street Journal 01/28/2015
In Greece, Bailout May Hinge on Pursuing Tycoons
New York Times 02/26/2015
Economist 07/12/2015
Wall Street Journal 07/09/2012
Greece's shipping industry, taxes and investment inside Greece
03/03/2010
Grouped Articles
Wall Street Journal 03/03/2010
Greek Ship Owners Fear Syriza Tax Plan
Wall Street Journal 01/28/2015
Baltic Dry Freight Index Plummets Amid Commodities Slump
Wall Street Journal 02/06/2015
In Greece, Bailout May Hinge on Pursuing Tycoons
New York Times 02/26/2015
Greek Shipping Industry Frets Over Higher Taxes
Wall Street Journal 07/13/2015
Greece- convictions of public officials for graft and corruption
10/07/2013
Grouped Articles
Former Greek Defense Minister Convicted of Graft
Wall Street Journal 10/07/2013
Greek Prosecutors Focus on Corruption at the Top
New York Times 01/18/2014
In Greece, Bailout May Hinge on Pursuing Tycoons
New York Times 02/26/2015
The role of oligarchs in the economy and political structure of Greece
07/02/2011
Grouped Articles
In Greece, Bailout May Hinge on Pursuing Tycoons
New York Times 02/26/2015
For Greece, Oligarchs Are an Obstacle to Recovery
New York Times 12/05/2012
Greece and Italy Are Listed Among Corrupt in Europe
New York Times 12/05/2012
Official's Cousin Steps Down Amid Probe
Wall Street Journal 01/03/2013
Greece and the euro: The abuses of austerity
Economist 07/02/2011
Greece's shipping sector and taxes in Greece following the election of Syriza in 2015- the EU's demand for structural reforms in tax collection
01/28/2015
Grouped Articles
Greek Ship Owners Fear Syriza Tax Plan
Wall Street Journal 01/28/2015
Baltic Dry Freight Index Plummets Amid Commodities Slump
Wall Street Journal 02/06/2015
In Greece, Bailout May Hinge on Pursuing Tycoons
New York Times 02/26/2015
New York Times 02/27/2015
Greek Shipping Industry Frets Over Higher Taxes
Wall Street Journal 07/13/2015
Alexis Tsipras, Greek Prime Minister, Sheds His Identity as a Radical
New York Times 07/21/2015
Greece's prosecutors and tackling corruption in Greece- 2013-2015
10/07/2013
A new turn in Greece in 2013-2014 as prosecutors independent of political leaders and the government take up corruption cases in Greece. For decades corruption in the political elite has not been tackled. A executive of Post Hellenic Bank, who recklessly approved $700 million in loans, is one of the business leaders being prosecuted. As austerity measures affect all classes of society the government has less authority or inclination to intervene. Prosecutors are acting independently as a parallel authority with public support.
Grouped Articles
Greek Prosecutors Focus on Corruption at the Top
New York Times 01/18/2014
Former Greek Defense Minister Convicted of Graft
Wall Street Journal 10/07/2013
In Greece, Bailout May Hinge on Pursuing Tycoons
New York Times 02/26/2015
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