Despite recently receiving a 130 billion Euro bailout ($161.7 billion), Greece faces a shortfall of 1.7 billion euros, most of that money due to tax evasion from cash-strapped individuals and businesses in or near bankruptcy. 

While most of this is due to the current state of the economy, Greeks have a notorious reputation for avoiding taxes. It is estimated that the government is owed 45 billion euros in back taxes, and it can only hope to recover a fraction of it. 

Read the full article at The New York Times. 

 

 

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