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Mark Baker

(95 posts)

4. Not really

Reply to dipsydoodle (Reply #2)

Sun Aug 25, 2013, 05:53 AM

Aug 2013

As a proportion of GDP their public sector spending was not all that excessive - and there's no reason to believe that it would be a problem even if it was much higher.

The problem was that public spending was higher than tax take, which is another matter entirely. And in the case of Greece, this was mainly because of very high rates of tax evasion.

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Highlight:

EU's Rehn says France should stop raising taxes [View all] dipsydoodle Aug 2013 OP

Seems unlikely. caseymoz Aug 2013 #1

It was however a top heavy public sector which screwed Greece. dipsydoodle Aug 2013 #2

Not really Mark Baker Aug 2013 #4

France has extremely uncompetitive labor laws Morganfleeman Aug 2013 #3

That's another issue entirely. caseymoz Aug 2013 #6

Johnny Depp (who skeedaddled from France) and Gerard Depardieu (who is nominally a Russian, now) MADem Aug 2013 #5