There are some astonishing numbers at the heart of the Greek economic crisis.
- Athens owes €200 billion in loans and 50 per cent of young people are unemployed.
- Greek people can only withdraw a maximum of €60 per day from their bank accounts.
- The actual income earned by a typical Greek citizen is 92 per cent higher than the income reported to the government. Tax evasion is endemic in Greece and a major contributor to the government’s budget shortfalls.
Garry Bidwana, Marketing Manager at Eazy Cash, regularly writes about financial issues and has produced the infographic below outlining what we can learn from Greek economic crisis.
“Hopefully other countries and people will learn not to make the same mistakes that Greece has made and ensure they live within their means,” he told us.