A sliver of inflation: 6 dangers plaguing the budget.
It would seem that the government is trying to convince us that all the unresolved problems are solely due to external factors and asymmetric economic attacks and not their own fault. They are responsible for the difficulties of Greek families, high prices and lack of perspective. However, the country's hospitals and health care system are on the verge of collapse, a clear example of the crisis it is facing.
Additional:
- The explosion in rental values is not just due to the market: the government continues to offer the golden visa, which significantly increases the value of real estate. Foreigners' interest in real estate investment continues to be sustained as the government''tends to demonstrate large foreign investments. This is confirmed by the fact that 40% of foreign investments are directed to real estate. In addition, our country needs a lot of student housing because of the large number of students moving to other cities to study and the lack of such housing. At the same time, the government has refused to help the homeless (work housing) because the reserves of more than 3 billion euros are held by the National Bank and counted as "surpluses" of the general government presented in Brussels. This is the main reason why the homeless are not supported!
- A large part of the high cost in the market is due to indirect taxes. The government deliberately keeps VAT high for''increasing income and distributing sources of income to all (people's) families. Thus, it does not interfere with super-profits, while keeping the tax on profit sharing low at 5%. This relates to the Chicago school of economics (the "trickle down" economic concept), which argues that wealthy people invest (sometimes). So they will hire the unemployed into their businesses (so that the workers make them even more wealthy...)
- The recovery fund does offer investment and development opportunities with interest rates below 1% when banks offer loans (to someone) at 8% or 10%. However, for a small or medium-sized enterprise to be included in the program, it must be selected by the banks. Of the 740,000 total''aimed at supporting banks during the financial crisis, as well as some other companies (Aegean) during the pandemic.
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Not only were assets taken away from the state at a low price, mainly at a loss of 95% of the investment (while in the US and UK the corresponding process was accompanied by a profit). Banks (e.g. National) are then given the right to buy their own shares so that their value rises and random "investors" are guaranteed profits. In effect, they are players on the stock exchange. At the same time, the banks make profits thanks to low deposit rates, but, because of the TFS (state-owned), they could not politically support paying bonuses to their executives. Now, because of nationalization, which caused losses''States, "golden boys" will be able to get extra remuneration...The allowance will be paid in the coming days. The practice, which was originally designed to support liquidity in the market, is now aimed at supporting families. Almost all of the allowance goes to pay for utilities. The wage does not cover the cost of... Cheap wages remain the competitive advantage of the Greek economy. Low investment, lack of partnerships, lack of access to large European markets and expensive energy are the main reasons for low competitiveness. But we are "correcting" the disadvantages by squeezing labor costs... With the start of the new year, electricity prices will rise. The official explanation is that
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