[chemgear]

Originally Posted by FlamesAddiction

Of course, there are a lot of problems. The tax evasion is a major one and is common throughout the Balkan region. People work "under the table" to avoid taxes. This type of corruption is entrenched from the street level all the way up to the government and the wealthiest people in the country. I feel that they also became to reliant on tourism which makes economies lazy.

I do not recall if I linked this earlier - apologies if I double up but I couldn't believe they used post dated cheques so much. But I guess it makes sense given all the other economic shenanigans they also partake in:

http://worldfailure.com/business/9-t...es-a-time-bomb

ANYONE who has ever written a post-dated cheque knows it can be a convenient, interest-free means of deferring a payment. In Greece, however, there are now fears that 400bn euros' worth of post-dated cheques are simply "floating around", said Dionysios Chionis, an economics professor at Democritus University of Thrace.

A banking source at the conference explained that cheques in some cases are being written with advance dates of 12 months or more. The cheques are then passed from one person or business to the next, countersigned, and used as if they were cash. "By the time many of these cheques are cashed in, on the due date, they may have 10 or 20 countersignatures on the back," he said.