Greek Banks, Stock Exchange to Remain Closed From Monday

Re:Greek Banks, Stock Exchange to Remain Closed From Monday by asabjorn on Sunday June 28, 2015 @03:02PM (#9794601)

With an estimated 24% of the economy being shadow economy vs 13% in Germany, which adds up to 37 billion euros in tax evasions a year, they could pay their debts solely by lowering the shadow economy by 5.5%. This would put Greece shadow economy half-ways between where it is now and the German rate.

I think Greece is more like the friend that keeps raking up debt rather than the person that gets pummeled by medical bills.

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Re:Greek Banks, Stock Exchange to Remain Closed From Monday by lifeisstillgood on Sunday June 28, 2015 @03:33PM (#9794735)

This was addressed by Yanis Varoufakis' recent post. He explained that if you want to see more people move to the shadow economy, raise taxes on the honest portion to compensate for the loss. But to get the money back, needs amnesty, negotiation, education and time

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