Are you glad Greece is in a worse state than Ireland?

It takes the spot light off us kinda, but wishing any european country to be worse off than us is pretty silly, it effects us too.

Greece is the word.

♫ They've got bills... they're multiplying. ♫

mikom wrote: »

Greece is the word.

♫ They've got bills... they're multiplying. ♫

♫ You better shape up, coz I need a loan ♫

No, it's cost us 1.3 billion.

In the wealthy northern suburbs of Athens, just 324 residents checked the box on their tax returns admitting that they owned swimming pools.

So tax investigators studied satellite photos of the area -- a sprawling collection of expensive villas tucked behind tall gates -- and came back with a decidedly different number: 16,974 pools.

Various studies, including one by the Federation of Greek Industries last year, have estimated that the government may be losing as much as $30 billion a year to tax evasion -- a figure that would have gone a long way to solving its debt problems.

When tax authorities recently surveyed the returns of 150 doctors with offices in the trendy Athens neighborhood of Kolonaki, where Prada and Chanel stores can be found, more than half had claimed an income of less than $40,000. Thirty-four of them claimed less than $13,300, a figure that exempted them from paying any taxes at all.

More at http://www.nytimes.com/2010/05/02/world/europe/02evasion.html

Let them sink, says I.
They should not be rewarded for their systemic corruption, irrespective of the consequences.

Schadenfreude, don't ya just love it!