The Real Cause of Greek Debt: Taxation and Labour Market Distortions in Greece

Intereconomics, Vol. 46, No. 2, pp. 112-120, March 2011

9 Pages Posted: 14 May 2011 Last revised: 13 Apr 2012

See all articles by Michael S. Mitsopoulos

Michael S. Mitsopoulos

Hellenic Federation of Enterprises

Theodore Pelagidis

University of Piraeus; Brookings Institution

Date Written: January 1, 2011

Abstract

Greece has the lowest public receipts of all the Eurozone members, and this contributes significantly to the annual budget defi cits and the extremely high level of public debt. The source of this shortfall is personal income taxation. The following article analyses the distortions in the labour market and in the taxation system which have led to this situation and points out where changes should be made.

Keywords: Greece, government revenue, tax, debt, labour market

Suggested Citation

Mitsopoulos, Michael S. and Pelagidis, Theodore, The Real Cause of Greek Debt: Taxation and Labour Market Distortions in Greece (January 1, 2011). Intereconomics, Vol. 46, No. 2, pp. 112-120, March 2011, Available at SSRN: https://ssrn.com/abstract=1840574

Michael S. Mitsopoulos (Contact Author)

Hellenic Federation of Enterprises ( email )

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Greece
2106722694 (Phone)

Theodore Pelagidis

University of Piraeus ( email )

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Piraeus, Attiki 18533
Greece
+3021 04142526 (Phone)
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Brookings Institution ( email )

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Washington, DC 20036
United States

HOME PAGE: http://www.brookings.edu/experts/pelagidist

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