The Greek deposit plunge continues (as this could be seen from the graph), together with some large tax avoidances. For instance, an inspection finds out that every Business on the island of Zakynthos brakes the law.
All of these is happening when the Euro currency is put on the test-line and Athens badly needs the summer season to help its economy to recover. Each summer millions of tourists visit Greece and its island and as a result, they generate huge income for the Hellenic economy.
Deposit outflow from Greek banks is now jumped to €7 billion in deposits or the second biggest amount ever, is pulled and 20% of the entire corporate and household deposit base has vaporized in the past year.
The Financial Crimes Squad (SDOE) only a day ago, reported that six in 10 businesses inspected at popular tourist resorts were not issuing sales receipts, and that of the 1,410 checks conducted in July, 57.1 percent found business owners to be in breach of the law. SDOE officials said that they recorded a total of 22,435 infringements during their sweep, and that their efforts will continue throughout the summer.
