Maybe southern Europe needs to switch over to a vastly superior and cheap to implement taxation system like this:
I'm surprised somebody in Europe hasn't read this book and figured out that by no longer taxing the process of earning money, the local economy would literally rocket upward because you attract foreign companies to set up operations in your country. Mind you, Switzerland won't like this because it would kill much of their offshore financial center banking business, though.
Does Greece have a VAT?
That’s like the ‘Fair Tax,’ but with the added virtue of a characteristic European bureaucracy whose deleterious effects are (as always) out of proportion to its great size.