Greece a Canary in the Deficit Mine
Feb 16th, 2010 | By Adrian Ash | Category: Featured, Macro Economics
So, who gets to play Lehmans in this comedic repeat...?
Isn’t Greece marvellous?
Paying income tax, or any kind of tax it would seem, has been entirely optional. Which should have powered its economy like 1960s’ Hong Kong.
But public spending, however, accounts for 40% of GDP. So who financed that spending if ...read more

