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that's the good side of having an extra 10% GDP than the formally accounted for

Wow, Spaniards are really honest people. In Germany it is usually estimated, that the black market is 15-20% of the GDP. Given that contruction and tourism are among the top sectors for black market activity and that these are rather strong in Spain, 10% is really not much.

Cleaners in private homes are nearly 100% black market in Germany. Care for old people ditto, well just about any close to home economic activity like gardening, private lessons, sometimes even car repair.
 

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers

by Martin (weiser.mensch(at)googlemail.com) on Wed Oct 8th, 2008 at 10:23:27 PM EST
Yes.. this is ture...

but somehow we happen to ahve most of the 500 bills... which frnakly I quite not get... maybe it is related with the fact that here in SPain there is a few with a lot of money or that the few like the 500... while in germany is more spread without a big cluster of super-rich staying out of the system.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Thu Oct 9th, 2008 at 04:03:00 AM EST
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