Greek Revenuers Cutting Off Noses To Spite Faces

Struggling to balance its budget, Greece is reducing spending by cutting tax collection efforts:

“As a result of the austerity measures putting some tax officers on reduced pay, we have 5,500 fewer tax office jobs,” said tax officers’ union head Charalambos Nikolakopoulos.

http://www.cnbc.com/id/45814079

Reduced pay is not the same as fewer jobs, but still. . .  “Greek tax officials walked off the job Thursday at the start of a 48-hour strike to protest salary cuts and other austerity measures, as the government struggles to meet revenue targets demanded by the crisis-struck country’s international creditors.”  How do they think they’ll get paid?

I’m for higher taxes, but I understand the need for spending cuts.  Public employee unions can overplay their hands.

Advertisements