GREEK SOVEREIGN GUARANTEED DEBT AMOUNT

The New Economy Development Fund €139,000,000.00

The Hellenic Railway €2,240,000,000.00

Structured Notes (Not counting Floating Rate Notes) €20,683,000,000.00

Athens Urban Transportation €837,000,000.00

Greek Bank Guaranteed Debt €83,314,000,000.00

TOTAL GREEK GUARANTEED. DEBT €107,213,000,000.00

Here is €107 billion of OTHER debt ...

after the new bailout has been given there is this little gem
i believe that shortly after march 23rd it could become very worrying for Greece ...



http://www.zerohedge.com/news/greek-%E2 ... la-exposed

Eight Hundred million euros for a public transport system for ONE CITY? Which (you assume) already has at least some sort of public transport system anyway. What were they doing, buying solid gold buses?

Jon

Eight Hundred million euros for a public transport system for ONE CITY? Which (you assume) already has at least some sort of public transport system anyway. What were they doing, buying solid gold buses?

Jon

I think a few things need to happen here.
1) Greece needs to leave the Euro and devalue their currency, that way the cost of visiting/buying thing from Greece will fall, encouraging more trade.
2) They need to implement an PAYE tax system. The amount of tax dodging at the moment is just a massive massive joke.
I'm sure there are other things they need to do and the above suggestions will have major issues attached to them, but I can't see any other way out for them.

Bus drivers etc are paid a stupidly high amount in Greece. Together with bonuses for things like "turning up to work early" or "checking tickets".
They can earn twice the national average wage.

"Take the Greek state railway. It was losing a billion euros a year," Ms Xafa remembers.

"The Greek railway had more employees than passengers. A former minister, Stefanos Manos, had said publicly at the time that it would be cheaper to send everyone by taxi.