In Greece we are looking at a variety of fundamental issues.   First of all, the taxation system is difficult to implement.  Value Added Taxes vary enormously depending on political connections.  They can range from almost nothing to 23 per cent.  High or low, they’re difficult tto collect.

The pension system is also unduly complicated and Ned’s to be sinplieiied so that appropriate policies can be put in place.

Privitization of businesses was supposed to yield the government more than 30 billion euros.  To date, it has brought in somewhere between 2 and 3 billion.

The problem is not so much a lack of willingness on the part of theGreek government as a lack of understanding of what can be done.

Gareece inability to grapple successfully with the economy for five years makes lenders wary.