When I visited Greece, they seemed to have decent businesses, restaurants, and activity, however, they also had visible protests, strong unions, and excessive bureaucracy. Crete was a little more backwards, but not terrible.
Gee, I wonder if the solution is to cut taxes, and decrease the benefit associated with evasion...
But I’m just a crazy reactionary.
I’ve had three vacations (two weeks each) in Greece, Crete, and Cyprus. I enjoy the trip each time, but I’ve made lots of observations. If you need a roof put up...you barter and do it under the table. If you need a brick wall put up...you barter. The government doesn’t get it’s expected money.
Then you come to government workers. I doubt that any government within the entire government has ever put in a true 40-hour workweek....or even 35-hour week. If you went around counting the fifty government workers under one boss...you’d probably find that eighteen of them simply aren’t in the building at any given time.
Then onto the art of tax dodges. You start a house but it might be ten years before it’s done. None of the work ever is done on top of the table.
Frankly, if it wasn’t for the tourist trend...I doubt that they would have survived to this point. If you notice from last year....tourism from Germany to Greece did drop to some extent. I think they’ve milked every ounce of tax revenue out and they’ve basically spent every Euro. So now...it’s reality and they can’t make it.