Friday, October 31, 2014

[MFP] new study on over indebtedness in 6 European countries which received bailouts

 

Dear Group,

Thought some of you might need some reading material for long journeys.  

It is quite long, and I am only as far as the analysis of Greece, but so far it is quite interesting and confirms that it is quite difficult and sometimes impossible for insolvent consumers to get a 'bailout.'  

In Greece, as in many countries, filing fees exist for a bankruptcy and many cannot afford this.  Additionally, I read elsewhere that if you owe more than 5.000 euro to the Govt. of Greece for unpaid taxes, that you can be incarcerated.  

Here's the article:

http://cadmus.eui.eu/bitstream/handle/1814/32451/LAW%20WP%202014_DOM.pdf?sequence=1

Happy Halloween!

Jami

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Posted by: Jami Solli <jamisolli@gmail.com>
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