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...those countries, tax evasion reduces state revenue. But to different degrees, says Tito Boeri, a professor of economics at Bocconi University in Milan, it is also a root cause of broader problems with competitiveness. "I think the serious problem this tax evasion poses is that it concentrates tax pressures on a small segment of the workforce," he says. "That is an obstacle and an impediment to growth." (See the worst business deals...
Papandreou says fixing Greece's mess will require rebuilding people's trust in the government. "This is more than an economic problem," he told reporters. Greece's government, he said, had a "credibility deficit" at home and abroad...
...Problem is, though, the markets are finding it tough to trust Athens. At the World Economic Forum in Davos rumors swirled - despite assurances to the contrary by Greek and E.U. officials - that Greece was on the brink of a default and would need a bailout from Brussels or the International Monetary Fund (IMF) - or even get booted out of the E.U. altogether. "If any other country was making the kinds of adjustments that we are, it would be applauded," says Papaconstantinou. "In our case, they are not sure we are actually doing it." (Read: "Why Greece Could Be the Next...
...problem for Snellville is partly geographic: although alcohol can't be sold within the city limits on Sunday, it can be in the surrounding county, so restaurants can set up right outside town...
...hardly left the racing pits. Vehicle production by a major automaker won't start for at least a year or so. Renault looks set to be the first off the line, with plans to roll out four mass-market models in 2011 and 2012. And then there's the problem of the lack of a universal charging standard - European countries have yet to agree on a single plug and socket for electric cars, a process that could take years. And some analysts still question whether there will be enough demand for the vehicles - and if governments will pony...