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Greece

Who's To Blame For Greek Debt? Don't Forget Tax Evaders' 60 Billion Euro Bill

Outside creditors aren’t the only ones loathe to throw money Greece’s way. Would-be taxpayers have been unwilling to part with their cash, according to a new EU Commission report that found the Greek government may have to write off some 30 billion euros

Demonstrators in Athens protesting income inequality
Demonstrators in Athens protesting income inequality
Christiane Schlötzer

In recent years, Greece has lost huge sums to tax evaders. The current amount outstanding is estimated at 60 billion euros. Most of that money will have to be written off. There are 165,000 on-going court cases that together represent about 30 billion euros worth of unpaid taxes. Some of the cases are more than 10 years old.

The figures cited come from the first "Task Force Greece" report. Two months ago, at the request of the Greek government, EU Commission researchers had begun to examine the way Greece is being run and making suggestions for improvement.

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Economy

The Bogus Concept Of "Carbon-Neutral" Oil

The Colombian president recently said that the country had exported one million barrels of carbon-neutral or offset oil. But in an unregulated carbon market, such a claim is pure greenwashing.

People walk in the streets of Bogotá

María Mónica Monsalve Sánchez

-OpEd-

BOGOTÁ - In March this year, various national and corporate leaders met in Houston, Texas, for CERAWeek, an annual conference to discuss the world's energy challenges. Colombia's President Iván Duque took the opportunity to remind participants that his country produced just 0.6% of the world's carbon emissions even as it had raised crude production to one million barrels a day.

He said oil should not be seen as an enemy, since the fight was really against greenhouse gas emissions. He also revealed at the event that the country's national oil firm, Ecopetrol, had sold the Asian market its first million barrels of carbon-neutral or offset crude, consisting of the entire extraction, production and exportation chain.

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