The Greek economy lost 261 billion US$ to crime, corruption and tax evasion from 2003 to 2011.
Greece also experienced massive inflows of illicit money in 2010 and 2011.
This means at least two things, according to Global Financial Integrity:
Greece also experienced massive inflows of illicit money in 2010 and 2011.
This means at least two things, according to Global Financial Integrity:
- If it were not for tax havens, Greece would never have needed a bail-out.
- The Greek (shadow) economy continues to grow at an increasing rate.
For workers and self-employed people at the bottom of the social hierarchy, these data must come as a shock. Or maybe people will say: we knew that already. But for anyone who still believes in the need and the possibility of social justice, these data are just unacceptable.