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Is it the case, as I understand it was (and maybe still is) in Spain that there is an 'official' price at which property sales take place, and then an unofficial 'premium' paid in cash ie large bundles of 'Bin Laden' (...everyone knows they are there and what they look like but they have never seen them) €500 notes.

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Tue Jun 14th, 2011 at 07:50:08 AM EST
[ Parent ]
Something like that. Although you generally do not need these 500 notes because of bank secrecy.

"Eurozone leaders have turned a 50bn Greek solvency problem into a 1,000bn existential crisis for the European Union." David Miliband
by Kostis Papadimitriou on Tue Jun 14th, 2011 at 08:25:43 AM EST
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