Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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

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