Subject: »PIIGS - economics problems

there was a similar strike in Lithuania, about half year or year ago, buch of idiots were moaning about increasing taxes etc.... I kick every single of them given a chance.... Cant they fcuking understand that those increased taxes helped us to come back to recovery....

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1. You have to compare all the products, not only oil prices.
2. Most important is the price of basic goods ( oil is luxury good ) like food, water, etc. And I'm pretty sure that in Belgium, those prices are a lot higher.

You're not as dumb as you look like ;-) Yeah, you're right.

btw just look at that ppp index.... every single country that has highest taxes has highest ppp....

Higher taxes doesn't mean faster recovery!!

You're from Slovakia. On the PPP map you can see that prices in Slovakia are at about 50-60% of those in USA. We in Belgium are at 100-120%, so it's quite logic we earn a lot more than in your country.

im a machine technician and i get more than treble what you get mate ( before tax) - thats the joys of working in the UK tho i guess

you got ppp wrong.... its not price index it purchasing power parity...

ppp

On the other hand as you pay more taxes you get more from your goverment. Its not that black and white.

I have been for 3 years in london, i know the prices.

I know what I could buy from 1 month salary there and here.

But anyway greece is very small country, im just wondering what if they didnt get the olympics, and didnt have any sea and beaches with turism etc.

UK taxes are 40%++ though...

i dont hit that tax bracket lol :)

but i have spent plenty of cash in greece over 2 holidays there - i love the place !! , infact id go every year if it wasnt so full of bampots in zakynthos now :(

if you have good govermant u can be happy that u have big tax, cos they can regulate the money invest them to best places (study)

Try Rhodos, was great. I recommend Apollo Beach Hotel :-).

I know what PPP is mate, I'm studying economics. And btw, form your link:

Purchasing power parity (PPP) is a theory of long-term equilibrium exchange rates based on relative price levels of two countries.

I do know the difference between PPP and CPI ( Consumer Price Index ).