The following link by Jeff Randal highlights the problems with the Greek Economy Greek Myths the Birth of a crisis, the most notable extracts.

1. Greece is loosing Euro 30 Billion ($41B) a year in uncollected Tax Revenue.
2. Greece is looking to sell of state assets to foreign investors for Euro 50 Billion ($68B)
3. Unemployment is at 16 percent a total of 1,800,000 able workers
4. The stock exchange has dropped 85%
5. 80,000 businesses closed last year, the same amount will close this year.
6. When Greece falls it will collapse the Euro Zone.
7. Tax is only collected from the working classes, middle and upper classes feel tax evasion is moral due to government corruption and waste
8. 24% interest on loans

To make matters worse on the 12th September Filippos Sachinidis announced Greece will run out of money next month.

From the outsider looking in it seems unfixable.

But let’s look at the positives.

1. Greece has a small population, fewer than 12 million people, as so compared to countries like England with a population of 50 Million living within the same amount of land (50,000 sq mi miles).

If the economy was strong, they would have a competitive advantage as schools pensions, healthcare and unemployment would need to pay for 7 million people as opposed to 30 million people that need to be supported in England.

To put that into perspective if each person costs say $10,000 a year, Greece will need to pay $70B compared to $300B in the UK.

2. Compared to other countries in the Western world Greece’s overall debt is not that bad, they just don’t have the money to pay it and their interest borrowing rate on government bonds is at 24% as their rating is ccc, the worst in the western world.

According to the Greek Debt clock they owe, Euro 335B ($457B) less than half of the UK and 33 times less than the USA.

I cant find statistics on the amount Greece’s debt increases each year, so in the most rudimentary way I have calculated it at Euro 31B per year ($42B). I simply saw the debt clock rises by about Euro 1000 per second.
Why is this positive? Well that’s simple, if Greece collected its taxes properly, its economy debt would stabilise, not increase.

I can not find stats on Greece’s interest per year, new borrowing costs 24%, but earlier borrowing will have been at lower rates, for arguments sake lets say their average rate is 10% so with total debt at $457B, their interest will be $46B a year, again about the same as their debt rises.

So in conclusion, if Greece properly collected its taxes and had an AAA credit rating it would make a profit of around $35Billion a year, which I believe would be the best in Europe.

So we see how, Greece can be the most profitable economy in Europe by fixing Tax evasion and improving it credit rating. And we will get into how “The Spartan Theory” will accomplish both goals in the next page, but there are some more benefits I’d like to add to the equation.

1. Unemployment 1,800,000 well “The Spartan Theory shows +/- Ring Fenced 8 year construction contracts for 1,114,000 Greek workers.

New Sparta also requires many other workers, particularly teachers and people in general with an aptitude for mathematics and or Science.

There simply are not enough Greek unemployed citizens to fill all the New Sparta job vacancies.

So If we go back to our $10,000 a year support figure for unemployed Greek Citizens, we are looking at a state saving of $18,000,000 a year, most likely double, as working citizens will provide for their families, so $36,000,000 a year.

So now we are looking at $71,000,000 profit every year and Greece in the Black within 7 years

2. Let’s add to that the $70,000,000 Greece is looking for from foreign investment by selling State Assets, and Greece is in the Black within 6 years.

Lastly let’s consider the effect to investment in Greece if credible Economists like Jeff Randal agreed that the above figures were not only possible, but highly likely.

It will be staggering, reverse engineering the Chaos, seeing investment into new businesses and seeing the 80,000 business that failed last year, flourish again.

Greece in the Black in 3 maybe 4 years.

How is this possible? All it takes is one credible human, to be bothered to read the S-World.biz literature and start asking questions.

The next page, How “The Spartan Theory” will fix Greece’s economy explains how all the above is not only possible, but relatively easy.