tag:blogger.com,1999:blog-5882645467378797266.post1529285626669536922..comments2023-07-17T11:55:51.363+02:00Comments on ObservingGreece: Greece - Still a Failed Nation?kleinguthttp://www.blogger.com/profile/12491174042954678023noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5882645467378797266.post-57962739254295188392014-03-04T13:32:40.938+01:002014-03-04T13:32:40.938+01:00@Xenos
Thank you for this enlightening comment!
@Xenos<br />Thank you for this enlightening comment!<br />kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-30790010184663942292014-03-04T13:29:31.004+01:002014-03-04T13:29:31.004+01:00The correct employment data are the following (fro...The correct employment data are the following (from ELSTAT):<br />as of November 2013<br /><br />Total unemployed: 1,382 million<br />Total employed: 3,551 million<br />Total labour force: 4,933<br /><br />The 28% is calculated from the total labour force, not as a proportion of employed persons. Almost as problematic is the law participation rate in the labour force, at 68% -- when most EU countries are mid-70s and sweden and Switzerland are over 80%. This is caused by low female participation and low male graduate participation (possibly caused by military service). The result is, along with an ageing population, a high dependency ratio. That is, far too many people are dependent on income from the few who have work. This is a recipe for a continued socio-economic disaster, with no hope of significant improvement.Guest(xenos)http://www.mmo.grnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-86219866639965900922014-03-04T09:14:41.362+01:002014-03-04T09:14:41.362+01:00Just a few comments from an inside player:
1. Pay...Just a few comments from an inside player: <br />1. Paying taxes higher than their income: Could be actual. If your income less expenses leaves a zero balance and this equation is not accepted by the Tax authority (you are being taxed almost 100% on Gross income these days) + taxes on real estate which does not generate income...do the math,,,<br />2. Unemployment: 28% per cent is a number based on official documentation, ie does not take into consideration a series of factors such as being unemployed for mor than 3 years, people who cannot find a job for the first time (and thus get recorded as 'workforce') and possibly many of the freelancer professionals.<br />3. Greek stats : Working for corrupt leaders stats can be manipulated exceptionally.<br /><br />I think most of us believe that the point is such debts to be unpayable, so that people can be governed by the debtor principle....<br />Dimitris Felasnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-8552679794243495422014-03-03T15:01:35.176+01:002014-03-03T15:01:35.176+01:00I suppose the situation in Greece is bad enough, b...I suppose the situation in Greece is bad enough, but these figures raise some doubts:<br />According to professor Varoufakis, 2,3 out of 2,8 million households "cannot service their debt to the Tax Office", in other words: more than 80% of households would be supposed to pay taxes higher than their income (minus minimum cost of living). That does not sound plausible. It would be necessary to explain how this figures are derived; or are they just personal guesses of professor Varoufakis?<br />1,3 million people out of a workforce of 3 million are said to be jobless; that is a rate of more than 43%. Eurostat gives the jobless rate for Greece at 28 % (latest available figure for November, 2013) - the Eurostat figure is supposed to represent "unemployed persons as a percentage of the labour force": still impressive, but far from 43%.<br />The reliability of Greek statistics was doubtful in the past, at least for government finance statistics. The lack of reliable and generally accepted statistical information may in itself be an indication of a "failed nation-state", as professor Varoufakis puts it. <br />In any case, if Greece were considered a failed state, I do not understand how taxpayers in the rest of Europe can be supposed to guarantee the debt of such a failed state.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-23695758314382147412014-03-02T23:20:47.293+01:002014-03-02T23:20:47.293+01:00I have no idea whether these numbers are correct. ...I have no idea whether these numbers are correct. All I can say is that Varoufakis cited them and I would expect Varoufakis to be intellectually honest enough to cite only numbers which he thinks are correct.kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-9224655460786277752014-03-02T22:14:34.209+01:002014-03-02T22:14:34.209+01:00Klaus, do you think that those numbers are approx....Klaus, do you think that those numbers are approx. correct?<br /><br />If so, how does such a state handle bookkeeping?<br /><br />Are taxes that never will be paid fully depreciated or kept in accounts receivable?<br /><br />All payments the state has retained properly noted in accounts payable?<br /><br />I recently learned from your blogging about Kameralistik...<br />Is there a similar system in Greece dating back to Archimedes?<br /><br />H.Trickler<br /><br />Anonymousnoreply@blogger.com