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...recent decades, every Greek government has entered office vowing to clean house and crack down on the twin scourges of tax evasion and corruption. But during the years of plenty there was little external pressure for the country to mend its ways. Now, with Greece's public debt ballooning out of control and Greece accused of putting the integrity of the euro at risk, the stakes are higher. Greece must cut spending and raise more revenue or risk defaulting on its debt. (See pictures of the global financial crisis...
Most Greeks agree that the tax system (see following story) and the bloated public sector, nicknamed "the country's sickest patient," are at the root of Greece's current problems. In a country of 11 million people, almost 850,000 workers are employed by the state, which means they receive 14 monthly paychecks instead of 12. Many enjoy a work day that runs from 7:30 a.m. to 2:30 p.m. "The state must change the mentality of the public employee," says one investor and economist, Timos Mellisaris, who calls Greece's public sector "the last communist frontier." Greeks like...
...only three people who voted against the bill, said he opposed it on moral grounds. "We shouldn't encourage people to partake of alcohol, especially on the Sabbath," he says, noting that passage of the bill would send a conflicting message to the public, since the legislature is currently working to strengthen state drunk driving laws...
...fragmented and countries are putting forth their cars, it's going to be more difficult to come to a federal conclusion," says Calum MacRae, an automotive expert with PricewaterhouseCoopers in London. "Obviously, if you standardize [the connectors], you bring the cost down." And when it comes to selling the public on electric cars, price will be crucial...
...described by the E.U. Election Observation Mission to Nigeria as "not credible" due to "lack of transparency and evidence of fraud," adding it had "no confidence in the results." Jonathan's 2007 declaration of $2.4 million in assets during the campaign also raised questions about how an academic and public servant could earn so much. Jonathan's wife Patience was indicted by the anti-corruption Economic and Financial Crimes Commission for money laundering in 2007. "He has a lot of baggage from the past," says Musa Rafsanjani, head of the Zero Corruption lobby group...