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Author: tjscott0 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 753328  
Subject: Re: Greece Votes to Raise Tax on Higher Earners Date: 1/12/2013 11:04 AM
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Doesn't matter the insider rich Greeks don't pay taxes.

Perhaps Mr Papaconstantinou should emmigrate to the US & become a member of the democratic party. It looks like he has the proper credentials. He could slide right into Geitner's spot.

http://www.guardian.co.uk/world/2013/jan/07/greece-christine...

At the height of Greece's economic crisis, a few weeks after he had been replaced as finance minister, George Papaconstantinou received a text message from Christine Lagarde. "We miss you!" declared the then French finance minister.

For observers of the Greek political scene, it was easy to see why: the sophisticated, LSE-trained economist Papaconstantinou, who had spent more than half his life abroad, in London, New York and Paris, was a far cry from his less cosmopolitan successor, Evangelos Venizelos.

Lagarde, only months away from becoming head of the International Monetary Fund, felt she had lost a friend.

Now, however, as he stands at the centre of the biggest tax evasion scandal to erupt in Greece in decades, Papaconstantinou's name engenders shock and consternation among mandarins in the EU and at the IMF. From being the darling of reform-minded policymakers in the west, the man most associated with the modernising policies Greece so desperately needs faces accusations of not only failing to crack down on tax-dodging – which, at more than €27bn (£21.8bn) a year, is the biggest single drain on the debt-stricken Greek economy – but also of doctoring a list of suspected culprits to remove the names of three of his own relatives.

The former minister faces a parliamentary investigation that may well pave the way to his being tried before a special court. Within hours of the revelations surfacing he was summarily expelled from the socialist Pasok party, headed by Venizelos.

As Greece prepares for its hardest winter since the debt crisis erupted three years ago, and with middle-class Greeks joining the record numbers struck by unemployment, poverty and despair, calls for justice to be meted out to the privileged elite have become ever louder.

For many, the "Lagarde list" is the best proof yet that Greece's rich have got off lightly, spiriting their money abroad while the vast majority endure the punishing reforms the EU and IMF has demanded in return for rescue funds to prop up the lifeless economy.
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