Greece's situation is getting direr by the day. (Flickr/ Creative Commons)
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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