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If they ever want to emerge out of the debt cloud (restructured or not), Greece needs to change the culture of the entire Greek people in terms of financial responsibility, taxes and the like. It's a county where everyone's money is in cash under the mattress. Not saying it's the only country like that, but it's such an extreme case. Ingrained behavior for many many years, no one pays the government.edit: Found a paper that discusses it in more detail: The Shadow Economy and Corruption in Greece - Stavros Katsios
If they ever want to emerge out of the debt cloud (restructured or not), Greece needs to change the culture of the entire Greek people in terms of financial responsibility, taxes and the like. It's a county where everyone's money is in cash under the mattress. Not saying it's the only country like that, but it's such an extreme case. Ingrained behavior for many many years, no one pays the government.
edit: Found a paper that discusses it in more detail: The Shadow Economy and Corruption in Greece - Stavros Katsios
