EU Report Sees Dangers for Greece

EU Report Sees Dangers for Greece

brikselles_533_355Despite mixed messages about the economy – it’s up, it’s down, it’s recovering, it’s on the rocks – Greece is trying to promote that all will be well but the European Union isn’t so sure.

A European Commission report about Greece talks about a slipping economy in the second half of 2013 with unpredicted consequences.

The report mentions that the uneven distribution of taxes during the second semester is expected to bring in fewer revenues that expected and put a crushing burden on taxpayers who will be demanded to pay a doubled previous year’s property tax, higher income taxes and a new luxury tax.

The report says that many inquiries are created about how effective will the regulations of the debts to the tax offices and the insurance funds will be. Greece’s international lenders remain frustrated that despite the desperate need for money that Greece has not gone after tax cheats who owe $70 billion and aren’t paying.

The EU says that Greece, the bloc’s most corrupt country, is doing almost nothing to change it, implementing only seven of 23 measures to combat graft.

The report also criticizes the slow payment of debts to creditors and the black hole of the health care insurance system EOPYY which has a 1.2 billion euros ($1.54 billion) debt and out-of-control mismanagement.

The Commission’s report refers to the big decrease of the labor cost and the low demand, while at the same time the prices of all goods of wide consumption remain extremely high. The Commission asks the promotion of the reforms at the products market so that there will be competitive balance.

According to the report, the Troika of international lenders has encouraging data for tourism, as a big improvement in employment demand on the Greek islands has already been recorded in relation to 2012.

The Commission’s report says that Greece continues to make progress, but slowly, while it is pointed out that many actions of the government are particularly delayed. It is mentioned that the economic indicators during the first semester in 2013 show that we have reached the bottom and that from now on the economy will begin its upward path but with very slow paces.

  • The maverik

    “The EU says that Greece, the bloc’s most corrupt country, is doing
    almost nothing to change it, implementing only seven of 23 measures to
    combat graft”…How can they implement changes when our Greek politicians are corrupt??? We need changes in the political arena 1st in order to implement changes…Things are very simple, justice system=corruption free and since the justice system does not exist nothing will change…Greece has no future under the current status not even in the near future…Greece’s problem is far more complicated than anyone can think off…Justice must be installed because Justice is for all…When did the EU knew that Greece is the most corrupt country in the block???

  • ibid

    True, it’s like asking the fox to fix up the chicken shack.

    BTW. To hell with the EU. The sooner we’re out, the better.

  • Alithia

    Keep applying band aids to a severed arm and see the patient bleeds to death…..

    Samaras will need to go back and give them another scalping…..err….haircut. We simply can not pay the lenders, whoever is the latest one we conned out of money. We need to shed the debt/interest load and then move from there. There is no chance in hell that we can pay the debt from rising taxes further and further…while expecting a recovery. Eventually, they are going to deplete people bank accounts and future. At which point,Greece will implode. There will be NO jobs for anyone, anywhere, of any type. Think Somalian level economy…and eventual social disintegration.

    This is so obvious that to not see it one has to be mentally disabled or dead.

    Mehhh….

  • worldarts

    If Greece needs more cash???… Then why isn’t the TROIKA & PRESS asking where 250 million Euros went that PASOK & ND Parties took out in “phony” bank loans from their Banker cronies, and never even paid a cent back after 10 years?

    Is that a show of their good Governance and Gov’t Management skills? Into whose greedy dirty pockets did the 100s of millions of Euros go into?
    Why isn’t the Greek Justice System & Press asking any questions? Gee.. Could they be in the same rotten bed together..?

    No worry, come 1st October there will be a “million man” Greek
    march on Parliament who will RISE UP and throw these slimy, rotting Politicians out on their sorry pathetic butts!

  • worldarts

    Bravo! —Well said!

  • worldarts

    The whole EU and our Coalition Gov’t are a complete Fraud and Farce on the Greek People to steal every last cent while the rich, bankers and Politicians get richer! — and Samaras and Venizelos are running a total DICTATORSHIP!

    TIME FOR GREEKS TO RISE UP! On 1st October there will be a “million man” Greek march on Parliament who will RISE UP and throw these slimy, rotting Politicians out on their sorry pathetic butts!

  • ibid

    What is this million man march you you speak of? I haven’t hears anything about it?

  • maria

    IMF and other criminals are destroying Greece so that eventually they can buy all Greece’s resources, like gas, oil and minerals, at a very low price. The same criminals, small elite of rich people, cause the wars,poverty and famine all over the world. Greece’s problem is part of a bigger picture…

  • Deep_Sea_Diver

    “This is so obvious that to not see it one has to be mentally disabled or dead”
    You MUST be referring to the troika, who, as we know, ARE brain dead

  • Alex

    You claim to be against thievery but the treasonous communist fanatics you support want to institutionalize it!.

  • Alex

    Worldarts constantly cheers on violence against Greeks. He is trying to get Greeks to murder one another (just like the Skopians.. why I suggest it is very plausible he is not Greek)