The Phaserl


Black Books: EU shadow economy booms as austerity bites

from Russia Today:

As if austerity, rising poverty and joblessness weren’t enough – the EU’s facing another crisis from its own shadow economy. In Spain alone, up to 30 per cent of business is now hidden from government and tax inspectors. And, as RT’s Tesa Arcilla found out across the bloc, it’s getting worse.

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