Poland and Polish Discussion Group and Forum

Welcome to the original English language Poland and Polish discussion group board. This message forum is a place where English-speaking Poles, foreigners (expats) living in Poland, and anyone with a genuine interest in Poland can discuss and read the views of others concerning Poland. Subjects include: Polish news and current affairs; Life in Poland; politics; genealogy research; Polish culture and history; advice and tips on visiting Poland; Polish property and investment issues. The aim of our group is to increase awareness of wonderful Poland using the English language and allow and foster the honest debate and exchange of opinions on anything vaguely related to Poland and Polish - positive, negative and/or neutral! To state the obvious: all opinions and views expressed on this site are solely those of their respective authors and are not necessarily those of anyone else! Messages consisting of ads will be deleted.

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Poland and Polish Discussion Group and Forum
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Greek drama just starting

The big problems will come in mid-March, climaxing on April 20th - as they have to rely on the money markets to roll over their debt ... or not.

The dollar is doing very nicely out of this and will continue to rise for some time yet. The zloty is rising generally, especially as the euro was very much overbought.

Re: Greek drama just starting

The main problem with Greece is that hardly anyone pays tax. A friend who has a place in Greece tells me that most business people want cash payment and will not give you a receipt, even private doctors. Not so different to Poland, I suppose

Re: Greek drama just starting

Public sector debt https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html
as correlated to public sector employment is what makes Greece economically unviable.

Public sector employment for the UK is 20%; in Greece it is 35%.

There are other countries that have higher debt and there are other countries that have higher public sector employment but Greece has a fatal combination of the two.

When one adds pensioners, students and adolescents on assistance to the public sector employment one has the absurd situation of +/- 70% of all Greeks receiving their money from the government. They would have to have a marginal tax rate of over 100% to balance those books.


Re: Greek drama just starting

Is paying tax a good thing?