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**Galsteinbok** · 11-06-2011, 01:17 AM

A corrupt Greek government borrowed billions the country could never repay in order to buy votes of hundreds of thousands of public servants who get 14 months pay per year while working only seven months a year and quitting work at 2.30 in the afternoon on days when they are nominally working -- that is until they begin collecting their pensions at 55. The scale of overpayment is illustrated by Greece's state-owned railway which pays four times as much in wages as it collects in fares.

http://poorrichards-blog.blogspot.co...-it-about.html

40% of their GDP is public Sector.. Which tells you that they're overstating their true economic wherewithal by at least 40%

Welcome to Democrat-nomics!

11-06-2011, 01:17 AM	#1
Galsteinbok Join Date Oct 2005 Posts 548 Senior Member	The Greek referendum: what's it about? A corrupt Greek government borrowed billions the country could never repay in order to buy votes of hundreds of thousands of public servants who get 14 months pay per year while working only seven months a year and quitting work at 2.30 in the afternoon on days when they are nominally working -- that is until they begin collecting their pensions at 55. The scale of overpayment is illustrated by Greece's state-owned railway which pays four times as much in wages as it collects in fares. http://poorrichards-blog.blogspot.co...-it-about.html 40% of their GDP is public Sector.. Which tells you that they're overstating their true economic wherewithal by at least 40% Welcome to Democrat-nomics!
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