This is a link to my recent posts on Facebook which summarise my quick research into the Greek situation.
In reverse chronological order:
It is **beyond RIDICULOUS** to compare post-war debt with the self-created socialist mess during the time of peace by Greece.
Greece is the case of a spoiled child – exploiting his "parents" (the EU). Extreme immorality and corruption.
Greece can't be rewarded with debt relief. The moment Greece is rewarded for delinquent behaviour, many other south European nations will follow suit, destroying the entire continent of Europe. INCENTIVES MATTER, and the EU must teach Greece self-reliance by setting it loose. [Source]
Doctors have long left Greece. Its nerds, now. What's left? Beggars (i.e. socialists) – JUST LIKE IN INDIA.
ARE YOU REMINDED OF INDIA BY THIS? "First is the lack of meritocracy and the corruption in the country" [Source]
GREEK SOLUTION: LIVE LIKE THERE IS NO TOMORROW. PURE SOCIALIST DNA.
"in Athens the public transport is free until further notice, and tax collection has "almost dried up" " [Source]
SOUNDS LIKE INDIA? NO, THIS IS ABOUT A COLLEAGUE SOCIALIST STATE, GREECE:
"In Greek, fakelaki means "little envelope" but is also used in Greek popular culture as a jargon term referring to the bribery of public servants and private companies by Greek citizens in order to "expedite" service. According to this practice, sums of money are stuffed in the files and passed across the desk to secure appointments, documents approval and permits."
"Tax evasion has been described by Greek politicians as "a national sport"—with up to €30 billion per year going uncollected."
"weak enforcement of the law, a lack of audits, the absence of codes of conduct, the non-transparency of government activities, an inefficient bureaucracy"
"Recent involvement of high-ranking public officials in corruption cases has been reported in the media". [Source]
CHRONIC FRAUD BY THE GREEKS. CLEARLY A CREATION OF THEIR SOCIALIST SYSTEMS.
"The number of people involved in the abuse, dead or alive, is roughly equal to two percent of the Greek population."
"nearly one-quarter of the 11 million Greeks are] retired" [Source]
GREEK SOCIALIST MODEL WITH ASSOCIATED LOSS OF INTEGRITY IN SOCIETY. PEOPLE HAVE BECOME CROOKS. NO WONDER THE "NO" VOTE.
"Alerted by a suspiciously high frequency of specific illnesses in certain regions, the ministry launched a probe in February to take a closer look at payouts to the handicapped and those with long-term injuries.
During the one-month probe, 36,294 of 240,292 beneficiaries failed to answer calls by investigators and are now suspected of fraud." [Source]
SURPRISE, SURPRISE (NOT!). SOCIALIST GREECE OPERATES JUST LIKE INDIA. A MASSIVE BLACK ECONOMY
"Billions more in taxes are owed on never-reported revenue from Greece’s vast underground economy, which was estimated before the crisis to equal more than a quarter of the country’s gross domestic product."
"Tax debts in Greece equal about 90% of annual tax revenue, the highest shortfall among industrialized nations, according to the Organization for Economic Cooperation and Development."
"Greeks have a widespread aversion to paying what they owe the state, an attitude often blamed on cultural and historical forces." [Source]
THE ONCE SELF-RESPECTING GREEKS ARE NOW FRAUD GURUS — BECAUSE OF THEIR SOCIALIST MODEL. REMINDS ME OF INDIANS.
GREEK FRAUD #1
"Take the beautiful Greek island of Zakynthos, where almost 2 percent of the population was registered as blind and thus entitled to $400-a-month disability pensions and other charity perks.
GREEK FRAUD #2
"A recent Greek government investigation — undertaken as part of an anti-fraud crackdown mandated by the country’s creditors — found a highly suspicious 8,500 pensioners had passed age 100.
A closer look showed some 40,000 pensions were being “collected” by people who were no longer among the living."
GREEK FRAUD #3
The subway system serving 5 million Athenians was essentially a free ride. Athens’ subway has no turnstiles, and riders are expected to pay their fares on the honor system. Unfortunately for the city coffers, honor is in short supply.
GREEK FRAUD #4
A Daily Mail investigation focused on one of Athens’ most exclusive neighborhoods, full of lawyers, doctors and masters of industry. Only 300 of the area’s homes claimed to have swimming pools, which require owners to pay a luxury tax. But when officials looked into the low number, using Google Earth to scan the back yards, they found the number of pools to be closer to 20,000. [Source]
Kasparov is good, unlike most "nerds". He understands basic economics – which the hardest and most difficult discipline on earth. Even economics "Nobelists" like Krugman have ***no clue*** about the most basic elements of economics.
Well, what's Greece waiting for? Just do it. Grow up. [Source]
Why does Greece want to hang on to the Euro? If its "self-determination" is so important (and it should be), then disconnect and do your own thing. In fact privatise all currency and let ANY private bank issue currency. Then Greece will blossom and become the strongest country in Europe within 10 years. [Source]