Perplexing unemployment

Perplexing unemployment

There are 2 comments on the EKathimerini story from Sep 4, 2012, titled Perplexing unemployment. In it, EKathimerini reports that:

Even in the good old days, Greece topped the charts for its shadow economy, which today is estimated at around 35-45 percent of GDP, if not more.

Join the discussion below, or Read more at EKathimerini.

“Progressive liberal politic”

Since: Sep 11

Location hidden

#1 Sep 5, 2012
EU need immediately economy-political-defense union, and common social politic.

Not loose other time!

Toronto, Canada

#2 Sep 6, 2012
2:30 pm, September 6, 2012:
RE: Perplexing unemployment
..... The current problems came along over many years, and their solution is going to be slow and very painful. Habits are difficult to change, and politicians are mainly concerned about not losing their jobs.
..... Firms will hire more people only if they will expect more buying of their goods and/or services.
..... More buying is unlikely if taxes will be raised
..... Taxes must be raised in order for governments to be able to repay the debts.
..... During elections voters are most likely to vote into power those who promise LOWER!!! taxes and all sorts of impossible, expensive goodies that they don't want to pay for. Can't solve problems that way! And unemployment therefore will probably get worse, not better!

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