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Episode details

World Service,12 Mar 2012,18 mins

Greek shadow economy

Business Daily

Available for over a year

Is the rise of Greece's underground economy further damaging its state finances? The BBC's Mark Lowen reports from Athens on the culture of evading tax. And Lesley Curwen talks to Dr Friedrich Schneider of Linz University in Austria, an expert on hidden economies who has advised the central banks of Austria and Germany. The BBC's economics correspondent Andrew Walker explains why this week is pivotal for Greek attempts to reduce the debt burden it owes to bondholders. Plus, Lucy Kellaway of the Financial Times argues that copying someone else's work can, in fact, be a good thing for the economy.

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