Re: Reasons in favour of brexit
Originally Posted by
Banchory
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Greece hardly collected any taxes. The super rich were exempted from paying tax. Corruption was rife, almost certainly the worst in Europe
The people relied heavily on tourism and the annual fluctuation of the currency to supplement income, the stability of the Euro brought the house of cards crashing down
Socialist Govt paying too high pensions and retirement age of 50 also didn't help. greece could not afford that so when the EU offered the Euro and an endless supply of super-cheap borrowing without doing their due diligence what was Greece to do?
Truth us the Eu economic policy is designed for 24/7 Highly developed industrial economies that can be exploited by global multinationals
Greece's economy is mostly seasonal with people working full on for 7 months of the year in the tourist industry...and then going back to their small family run smallholdings tending their animals and olive groves in the close season.
Just the sort of difficult to control econoy the EU detests.
The French and German banks bailed out Greece and now make £billions on the repayments.