Richard Murphy
speaker
11 appearances
1 recordings
1 series
first heard Jul 2015
last heard Jul 2015
Richard Murphy’s voice in public audio — every appearance, attributed to the second.
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Appearances
Sensible tax authorities take a view on this issue every year and say, well, we've got a certain proportion of our debt that isn't going to be paid.
Let's write it off.
Whereas Greece is recording this extraordinarily large number.
But it's just because they hadn't bothered to write off the old balances.
This is an accounting anomaly.
So there's a massive tax collection problem in Greece, but it is certainly not 89.5% of the tax due in a year.
Greece has a problem.
It's not as bad as some European countries.
Bulgaria and Romania are worse.
Italy is up there alongside it.
But it is an issue which has clearly contributed to the current Greek crisis.
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