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Showing posts from October, 2011

News and analysis on the Greek economy

Folgen der Finanzkrise für Griechenland  Die Mauern der Bürokratie müssen fallen   08.10.2011 " Greece is smothered by its bureaucracy. Corruption and nepotism have raised a destructive wall in the midst of the country. Many young people do not have a chance. If this system is not demolished, Greece cannot be saved". Folgen der Finanzkrise für Griechenland  Das alte Land kämpft gegen den Untergang 08.10.2011 "the old Greece is fighting to survive". Excellent analysis of the social and political dynamics unleashed, or rather, revealed by the crisis. Orthodox church appears to be exempt from austerity measures 04.10.2011   Church funds are taboo in Greece. Its income is liable to taxation, but there are two major stumbling blocks. There is no accounting system to detail its actual income and no one really knows quite how much land it owns because there is no land register. This situation suits both the church and the state, "because politicians ar...