Change the BN govt before we go bankrupt too in near future !!
*Why and how Greece collapsed -** *** ***Bureaucracy: **Greece's bureaucracy is famous in the whole of Europe! ****To open a cafe or pub there are 25 processes to go through!! ****This is a country of many unnecessary rules and regulations.* ***Does this sound familiar?* **
***Bloated civil service: **There are 1.05 milliion civil servants (excluding police and armed forces). ****The population of Greece is only 10 million!! More than 10% are govt servants!! ****Salary increases every year and benefit for civil servants in Greece is one of the best in Europe!! ****More and more money is needed to upkeep these unproductive bloated civil servants. ** **The retirement age is 62 yrs old.* ***Does this also sound familiar?* **
***Corruption: **Corruption once inflated, country goes deflated.* ***Greece is the most corrupted nation in the Eurozone. ****Citizens pay "under table" money to:* ***# **admit into a public hospital* ***# pass a driving licence* ***# to enter public service* ***# renovate your business premises or your home* ***# avoid income tax*
***Hey, are we sure we’re talking about Greece here?* ** ***Every govt project is awarded to political cronies and at hugely inflated prices! ****Transparency International compared the prices of the construction costs of stadiums ****built for the Athens Olympics recently with similar structures in China — 500% more
****expensive than the Chinese; compared to Los Angeles and Sydney — 50 % more expensive!!! ****All these with tax payers money! and borrowings!!!* ***This sounds like very close to home*.. **
***Tax evasion: **Officially 80% of its citizens are supposed to pay tax but only 37% are doing so. ****Big
businessmen and corporations have refined tax evasion to a fine art ****(or have the tax men taken some coffee money?) ****Over here, it’s only the ???? who pay tax* ** ***No transparency in governance: **The politicians and bureaucrats falsified economic data and ****painted a rosy and
manageable picture while the economy was rotting away.* ***This is too similar to our politicians’ style here*
** ***Unabated borrowings:**Meanwhile, the politicians and bureaucrats continue to issue govt bonds
****to keep afloat, series after series. They were trying to cover up the financial mess they have ****created creating one big hole to cover up the previous!!* ***Like bailing out the cronies..?* ** ***Lacking political
will power to reform: **To keep hold on to political power, politicians are prepared ****to lie, commit economic and political fraud. If reforms were taken some five years ago, the country ****need not go bankrupt and its citizens need not suffer so much. Political expediency and greed to ****political
power over-rides everything and hence Greece is now a bankrupt country. ****Luckily, it is part of the European Union and its currency is EUROs, ****otherwise Greeks will have to eat grass to survive!!
****Reform is no more a choice, it is our only hope..!!* ** ***Laid back attitude: **Tourism is THE ONLY industry in Greece and over the years the Greeks have ****had an easy time. Many flocked to see the historical sites and enjoy summer vacation on the islands.* ***But they forgot that not many tourists will returned after visiting the sites – there are so many other ****tourists attractions in the world, maybe more exotic and perhaps cheaper!! So once tourism wanes *** *and coupled with higher costs of living – the Greeks could not and refused to adapt and transform ****– still partying and having a nice time – maybe
the Greek Gods will bless them!!! Greece have no ****natural resources, no electronics industry, no R & D – no anything!! They were so laid back ****– cannot see what is coming and crashing down on them. Even now, the civil servants refused to* *** take a pay cut – because they feel that the world owes them a living!!* ** ***Now does the above sound very familiar.........???!!!* **
I wonder why we need so many civil servants.Where did we inherit this practice?By 2020 I think the number of civil servants will reach 3 million.The government just cannot stop taking people into the civil service.They are not only many but also corrupt.
ReplyDeleteAll Lao Qian “老千”！
ReplyDeleteWe also have many aging civil servants now.Retiring age - 60.I think many of them have to wear pampers if the washrooms are too far to walk to.
ReplyDeleteThe government must take note of this if they wanted to survive.
ReplyDeleteDon't make the sama mistakes as the Greeks.
ReplyDeleteharap2 pemimpin sentiasa berwaspada dan sentiasa menguruskn kewangan negara dengan bijak.
ReplyDeletemalaysia kena ada pengurusan ekonomi yang sistematik, jgn biarkan Malaysia menjadi seperti Greek.
ReplyDeleteHow can you differentiate between Malaysia and Greek?
ReplyDelete2 Different situation.....
ReplyDeleteGreek telah musnah akibat menteri2 dlm kerajaan yang korup bertahun lamanya. Malaysia sedang rancak dalam kancah kerajaan korup.
ReplyDeleteGreece bankrap sebab buat pinjaman dengan IMF. bila tidak dapat bayar, mula la dia jual pulau2 dia.. Anwar pun hampir bankrapkan negara sebab beriya2 mahu buat pinjaman dengan IMF..
ReplyDeleteyang penting kewangan diuruskan dengan baik dan cekap.
ReplyDeleteharap ekonomi negara akan setiasa stabil dan diuruskan dengan sebaiknya.
ReplyDeleteSingkirkan yang korup dan gantikan dengan mereka yang berintegriti tinggi.
ReplyDeleteRetirement age should be decreased so they can be replaced by the young ones. Thus reducing the numbers of jobless people.
ReplyDeleteThis is the problem of government that thinks it is becoming unpopular.It will take extreme measures to please the people to the extend that the country is not able to sustain it.Most important to the government is to win election.The people are happy to accept all the goodies without knowledge that they are 'drying all the water in the wells'and in the end of it nothing is left and the country has to beg for help.
ReplyDeleteKelapa kalau tua ada santan tapi manusia kalau tua sudah lali.
ReplyDeleteMacam dengan graduan kita yang tiada kerja? Orang tua yang 60 tahun patut jaga cucu saja atau pigi mesjid dan gareja saja.
Malaysia masih kukuh jika kita lihat sendiri. Maka kerajaan hanya perlu menambahbaik kelemahan yang mereka ada sekarang ini.
ReplyDelete