Greece Warns of Going Broke as Tax Proceeds Dry Up, page


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Topic started on 6-6-2012 @ 11:26 PM by bobs_uruncle

Greece Warns of Going Broke as Tax Proceeds Dry Up


finance.yahoo.com
ATHENS — As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money.

Government coffers could be empty as soon as July, shortly after this month’s pivotal elections. In the worst case, Athens might have to temporarily stop paying for salaries and pensions, along with imports of fuel, food and pharmaceuticals.

Officials, scrambling for solutions, have considered dipping into funds that are supposed to be for Greece’s troubled banks. Some are even suggesting doling out i.o.u.’s.

Greek leaders said that despite their latest bailo
(visit the link for the full news article)


reply posted on 6-6-2012 @ 11:45 PM by BobAthome
reply to post by bobs_uruncle



issue the cheques in drachma's

brilliant u are,, so it seems it would


reply posted on 6-6-2012 @ 11:52 PM by bobs_uruncle
reply to post by BobAthome



And all the lottery cheques can be drawn on either the bank of nigeria or the bank of zimbabwe? That might work, if they keep passing enough worthless paper back and forth it might actually be seen as real currency. Oh wait, that's already happening LOL.

Cheers - Dave
edit on 6/6.2012 by bobs_uruncle because: (no reason given)



reply posted on 7-6-2012 @ 01:04 PM by 1BornPatriot
yea, its a real knock out drag out on Greek TV....
edit on 7-6-2012 by 1BornPatriot because: (no reason given)




reply posted on 7-6-2012 @ 03:11 PM by SeekerofTruth101
Do understant that Greece right now has NO govt.

It has only an unelected caretaker gov in charge.

When the People's elected representatives are in charge, change will come, HAVE to come.

I only plead that no violence be used, but instead brains.

It still have shipping and tourism tax receipts to depend on the short term, and can be improved upon by the new govt. Rather than to depend on higher taxes from the little, they should go for the QUANTITY by reducing taxes to welcome investments, investors, shipping and tourists and ensure safety for all.

It will take a far longer time for tax evaders to be apprended, so rather than to kill ( figuratively ) them at one go by forcing them into a corner to pay up, allow them to pay slightly lesser taxes and time and full immunity for past transgressions, espacially to those whom are in manufacturing and services which are critical to the nation and can create jobs.

At the same time, work on the economic strengths of the nation - shipping, tourism, agriculture, to provide jobs and revenue, with foreign investors but on short term contracts, to bring in needed revenue.

Most critical of all - the country needs a leader all can rally to, with real promises and not false ones of the past. Humankind can live with the truth but never lies. Be honest and upfront, if there is a need to reduce wages and pensions temporarily.

They can accept it as long as they can see hope and a future. And there will be hope and future, for mankind still have needs to be met and serviced and will pay for it as long as it is of quality and value.

Just screw the EU and let them do what they want, if they wish to be inhuman and lose their moral conscience over debt repayments. They can sue those whom had sign on the dotted line for all they want, while the greek people gets on with their lives to work hard towards a better future...with hope.

Good luck.
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