Greece's Economy May Need to Be Rebuilt From Scratch (2010)

The Bankrupt State (2010): Why has the Greek economy collapsed so drastically?

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Greece is facing severe austerity measures as its debt crisis threatens Euro zone stability. This report delves into the problems of corruption and tax-avoidance at the heart of its meltdown.

"We are fighting against Greek government rules", says one of the 30,000 protestors at a march in Athens last year. This is a country where public sector wages are meagre and where 'fakelaki' - getting 'tax-free' money on the side - has become a national pastime. If it is to be saved, Greece will have to undergo some major social changes, established from the top-down.

ABC Australia – Ref. 4807

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