GreecePwns wrote:I would say the two are of equal impact, since the recession hit the tourism industry hard, adding to the already massive deficit due to the tax evasions.Phatscotty wrote:GreecePwns wrote:Considering the budget as it was should've led to a surplus, it was the revenue side in Greece's case. The loss of nearly a third of tax income to corruption was devastating.Phatscotty wrote:GreecePwns wrote:I am in the US for college right now, but I'd certainly be in the streets.
In your opinion, does Greece have a spending problem? or is it just the revenue side?
how big a role did the global recession play? How big of any impact?
as well as the result being less tax-payers and more receiving benefits, right? kinda snowball effect