Post by arfanho7 on Feb 24, 2024 7:26:18 GMT -3
Why would we expect the people that exhibited such behavior in the past to now change their actions Allowing the Greek government to spend more money would leave the country with more debt eventually. In the same competitiveness report Greeks give a score to their government of out of on whether Public finances are being efficiently managed.
Indicatively although the Greek government increased taxes across the board both collected indirect tax revenues and collected social security contributions as a percentage of GDP failed to increase they stand at about and percent of GDP respectively . Limiting the evasion of taxes and social security contributions Egypt WhatsApp Number List still represents a dream. In a country with well developed institutions and a well managed government creditors would be more likely to relax the conditions of fiscal assistance since they would trust the government to do the right thing. Distrust such as exists between Greece and its creditors brings harsh measures and a tight leash.
This is well established in the literature and is related to building relational contracts informal contracts that are not enforced in courts but that require that the counterparts in the transaction expect each other to perform their responsibility even in the absence of legal enforcement. In summary the recessionary measures that were taken in Greece were not the cause of the crisis. They probably contributed to sharp declines in but such measures are needed when lending money to a government with a very poor track record in managing the government budget for the prosperity of its citizens. Nor are those measures the cause of the inability of Greece to recover.
Indicatively although the Greek government increased taxes across the board both collected indirect tax revenues and collected social security contributions as a percentage of GDP failed to increase they stand at about and percent of GDP respectively . Limiting the evasion of taxes and social security contributions Egypt WhatsApp Number List still represents a dream. In a country with well developed institutions and a well managed government creditors would be more likely to relax the conditions of fiscal assistance since they would trust the government to do the right thing. Distrust such as exists between Greece and its creditors brings harsh measures and a tight leash.
This is well established in the literature and is related to building relational contracts informal contracts that are not enforced in courts but that require that the counterparts in the transaction expect each other to perform their responsibility even in the absence of legal enforcement. In summary the recessionary measures that were taken in Greece were not the cause of the crisis. They probably contributed to sharp declines in but such measures are needed when lending money to a government with a very poor track record in managing the government budget for the prosperity of its citizens. Nor are those measures the cause of the inability of Greece to recover.