Saturday, 27 August 2011

Sky News special: Greece and financial crisis

By Jeff Randall, Sky News. Broadcast Aug 26th on

Double click for full screen

Part1
"Greece was not bailed out. It was simply given a very expensive credit card by which to pay off its mortgage after having lost its job."
Prof. Yannis Varoufakis, Former Advisor to PM George Papandreou



Part2
In terms of costs the biggest example of tax evasion is the boats, where leisure yachts are declared as business premises. This loophole is estimated to cost the state 300 million euros.

"We have a middle class and an upper middle class and an
upper class which simply don’t pay taxes. Which gives "the moral right" to poorer Greeks to think of tax evading as a form of resistance to the powers that be"


3 comments:

M-Dreemer said...

"We have a middle class and an upper middle class and an
upper class which simply don’t pay taxes. Which gives "the moral right" to poorer Greeks to think of tax evading as a form of resistance to the powers that be"

Unfortunately this is the truth but go explain that to the West Europeans. They just eat up whatever their media serves to them.

Paul said...

Interesting however biased - There is complete denial that the financial system is corrupt in the whole of the western freemarket - Is it just greece or the worlds financial system?. Lehmans.. Worldcom. exon. cooked books are everywhere... but the focus is pointing the finger at greece... the UK national debt is in trillions.. moresor with the USA.. a media spin driving by political agenda of stonger powerful countries.

Anonymous said...

The greatest private fraud of human history.

Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
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By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end ...understand how this type of plans are established...

by PANAGIOTIS TRAIANOU