Ever wonder how easy it is to start an online business in Greece?

[88Mariner]

http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_21/02/2012_429208

Antonopoulos and his partners spent hours collecting papers from tax offices, the Athens Chamber of Commerce and Industry, the municipal service where the company is based, the health inspector’s office, the fire department and banks. At the health department, they were told that all the shareholders of the company would have to provide chest X-rays, and, in the most surreal demand of all, stool samples.

related comments:
"I Always Suspected Greek Bureaucrats Were Useless Pieces of S**t, but even I’m Surprised to Learn that They’re Actually Collecting the Stuff"

http://danieljmitchell.wordpress.com...ing-the-stuff/

lmao

[Illuminate]

Re: Ever wonder how easy it is to start an online business in Greece?

Lulz.

Greece entered the Eurozone well how can I put it... unfitting to strive in the Eurozone.(Thanks Goldman Sachs)

Lets see, no real GDP and Inflation kept promising, deproved bonds, and a country who thinks taxes are for loosers.

Well you reap what you sow.

And major lulz, remember this, 2 years on, NVR 4GET:

Fed probing Goldman's role in Greece, Bernanke says

WASHINGTON (MarketWatch) -- Federal Reserve Board Chairman Ben Bernanke revealed Thursday that the central bank is looking into Goldman Sachs Group's dealings with the Greek government.
Bernanke said the investigation included other companies.
"We are looking into a number of questions related to Goldman Sachs and other companies and their derivatives arrangements with Greece," Bernanke said in testimony before the Senate Banking Committee.
The European Union has demanded that the Greek government provide details of how it used currency swaps and other instruments.
Greece in 2001 borrowed billions, with the aid of Goldman Sachs (US:GS) in a deal hidden from public view because it was treated as a currency trade rather than a loan.
Eurostat, the European Union's statistics agency, said Wednesday that Greece's level of outstanding debt will rise after taking into account the previously undisclosed currency swaps and it still is seeking more details on how the country used the instruments.
Greece has said it's no longer using them but did so, legally, in the past.
Goldman Sachs spokesman Michael DuVally declined to comment on the Fed's probe. "As a matter of policy we don't comment on legal or regulatory matters," DuVally said.
Goldman Sachs had defended the transactions in a statement posted on its Website Sunday. The firm said they had a "minimal effect" on Greece's overall fiscal situation.
The bank said that in December 2000 and in June 2001, Greece entered into new cross-currency swaps and restructured its cross-currency swap portfolio with Goldman at a historical implied foreign-exchange rate.
These transactions reduced Greece's foreign denominated debt in euro terms by 2.367 billion euros and, in turn, decreased Greece's debt as a percentage of GDP by just 1.6 percentage points, from 105.3% to 103.7%, Goldman said. Greece's deficit in 2001 was equal to 4.5% of GDP, and would have been 4.64% without the swaps, the bank said. Read story on Goldman's defense.
Bernanke also said the Fed was looking into trading of credit default swaps that allow financial firms and investors to bet that Greece will default on its debt.
Credit-default swaps have proved a popular way to bet on the troubled finances of Greece and some of its more indebted Southern European neighbors. The Wall Street Journal earlier this week profiled Mark Hart, a Houston hedge-fund manager whose Corriente Advisors has made over $300 million through such instruments. Balestra Capital and Glenview Capital also have made such trades.
Bernanke said credit default swaps are properly used as hedging instruments. He said using the swaps to bet against Greece was "counterproductive" and under review by the Fed and the Securities and Exchange Commission

[Illuminate]

Re: Ever wonder how easy it is to start an online business in Greece?

Guess you can't always blame the small guys nor locals.

[vinnie97]

Re: Ever wonder how easy it is to start an online business in Greece?

Goldman Sachs it not solely responsible either: http://www.reuters.com/article/2010/04/28/greece-waste-idUSLDE63R0QZ20100428

If they were instrumental in getting them added to the Eurozone lineup, I'll have to agree they bear the brunt of that genius move.