Going Underground in Hard Times

ips news (Lisbon) ^ | Jan 28, 2012 | Mario Queiroz

[Rabin]

The underground economy generates more than 52.6 billion dollars a year - half the amount of the international troika's bailout plan… The study indicates that the size of the unreported economy in Portugal is larger than average for the Organisation for Economic Development (OECD) countries, where it varies between 16 and 18 percent of GDP. Portugal has the third largest underground economy relative to GDP in the EU, after Italy and Greece.

[Rabin]

Mazzing, big gov isn't the ans. Big G is the Prob.

These folks are a natural byproduct of (an) benevolent welfare state, cursed by themselves as well as a benevolent Overlord. Where are the grown–ups when you need them?

Rab can but wonder.

[dcwusmc]

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