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Jake, I too am not an expert on Greece, or on finance either, for that matter. But a few points; when the first cheap air travel and packaging of holidays appeared and before "anyone" went to Turkey, the Drachma was so cheap and Greece was heaving with tourists, I haven't been back for some time, but I gather that things are no longer so, due to large price rises. You are quite right about the tax avoidance; when I asked why so many concrete houses had rusty reinforcing bars projecting from their roofs, I was told it was because they are "not finished", and as such the owners were tax exempt! Many of the world's oil tankers are owned by Greeks, true, but they are registered in places like Liberia, and don't pay tax into the Greek economy. I certainly don't want the EU to fail but I believe most strongly that it must be re-structured.