The Market Now

Daily Archives: December 6, 2012

Taxi drivers in central Athens, Greece Many had paid tens of thousands of euros for black-market licenses.

Photographer: Angelos Tzortzinis/Bloomberg

Taxi drivers in central Athens, Greece Many had paid tens of thousands of euros for black-market licenses.

Will Euro Austerity Push the Shadow Economy Even Deeper Into the Dark?

In a detailed article today from Bloomberg’s Oliver Staley about the worsening depression in Greece, there’s a short story that should be required reading for any European policy maker. It’s that of a 52-year-old teacher who, having seen her monthly...

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