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  However, as the money flowed out of the government's coffers, tax income was hit because of widespread tax evasion.

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stargame95



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Date d'inscription : 09/07/2011

MessageSujet: However, as the money flowed out of the government's coffers, tax income was hit because of widespread tax evasion.   Jeu 21 Juil - 19:12

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ending spree after it adopted the euro.

Public spending soared and public sector wages practically doubled in the past decade.

However, as the money flowed out of the government's coffers, tax income was hit because of widespread tax evasion.

When the global financial downturn hit, Greece was ill-prepared to cope.

It was given 110bn euros of bail-out loans to help it get through the crisis.

Why did Greece need another bail out so soon?

Greece received that original bail-out in May 2010.

The reason it had to be bailed out was that it had become too expensive for it to borrow money commercially.

It had debts that needed to be paid and as it couldn't afford to borrow money from financial markets to pay them, it turned to the European Union and the International Monetary
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stargame95



Masculin Nombre de messages : 111
Age : 23
Localisation : US
Date d'inscription : 09/07/2011

MessageSujet: Re: However, as the money flowed out of the government's coffers, tax income was hit because of widespread tax evasion.   Jeu 21 Juil - 19:22

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Public spending soared and public sector wages practically doubled in the past decade.

However, as the money flowed out of the government's coffers, tax income was hit because of widespread tax evasion.

When the global financial downturn hit, Gr
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However, as the money flowed out of the government's coffers, tax income was hit because of widespread tax evasion.
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