Greece’s economic problems are so vast, comprehension is difficult. Over at NPR, Greg Myre breaks it down for us.
25: The unemployment rate, and that’s probably low-balling. For those under the age of 25, the unemployment rate hovers around 50 percent.
92: The average income earned by a typical citizen is under-reported by 92 percent, on average, to the government.
Tax evasion is endemic in Greece and a major contributor to the government’s budget shortfalls. Creditors are demanding this be addressed in return for a new rescue package.