More taxes more austerity
The current problems of the Greek government are directly related to decreasing public expenditures through imposing more and more taxes upon its citizens and domestic economy. Under constant pressure from EU's bureaucrats in order for Greece to receive a new round of loans and re-capitalize its banks, the limited time left to find alternative sources for tax revenues, create a hostile environment for the private sector and the real economy. Imbalances in the government's budget, negatively distort the real economy. Companies remain non-competitive because of the amount of taxes they have to pay and because they can not be financed in a healthy way anymore. Even if a myopic political party achieves to present a significant decrease in the government's deficit, it can irreversibly hurt thousands of small and medium size businesses, further increase unemployment and establish a new problematic status quo for the employer (more taxes and insurance contributions) ...
