Do you believe that a family of four can cover its needs for food, clothing, housing, children education, heating, medical care, medicine, electricity, telephone, water etc with just 1,000 euro per month? You may not believe this, but the Greek government does.
According tot daily To Ethnos, the government prepares a law for the settlement of red bank loans. According to government calculations that a family can live on this money, the banks will issue the repayment installments.
Based on this virtual reality “price list”, banks will deduct the monthly expenses from the income and the amount left over will go to repayment of loans.
The banks will take into consideration whether the debtor is single, a couple, a family of three, four etc.
So far, media do not report about the option that a debtor has no income at all.
This is a real world, guys, not a computer game! I’m afraid that all the consultants and advisers of the Greek government belong to the video-games generation.
UPDATE: I need to add an update here. I heard on television that while the monthly need of a family of four is estimated 1,000 euro, for a couples estimated at 650 euro per month. Unfortunately, I missed the amount for a family of three ( I was chewing on a large bite choco croissant, therefore I missed the amount of some 850E euro or something like that. BTW: the coffee & the croissant were donated, so I don’t need to prove to tax controllers how I could afford them.)
Anyway, according to comments on the issue by followers of KTG-Facebook page, it comes out, that there are indeed families of four having to live on than 1,000 euro per month. That they do it, it doesn’t mean that their basic living standard is covered with 600 euro or 700 euro. Especially in Athens, where the rent for a 80sqm apartment can be 300 euro in a not so-fine suburb, where building maintenance cost can be 50-80 euro without heating cost, just to mention the basic.
Furthermore, many families borrow money from relatives and friends to come along.
But the biggest scandal in this government calculation is what the finance ministry considers “deemed income” when it comes to pay taxes.
Example: for a couple (no kids) living in a 80sqm apartment 9rented or own makes no difference) the annual deemed income is calculated:
€5,000 for living expenses + 3,000 house maintenance expenses + €4,000 car up to 1200cc maintenance =€ 12,000
Conclusion
When it comes to pay taxes, the finance ministry calculates that you need a monthly income of €1,000 per month to come along.
But when it comes that you pay the banks, the same finance ministry calculates, that you can come along with €650
PS I hope, banks will not calculate that a single person needs 250 euro per month to cover living expenses :p
It will be interesting to see, who may sit first at the dinner table. To my knowledge, the State and O.A.E.E for example take from the bank account what ever is there (with no threshold), happened so to a couple of my friends. So: Who eats first? The banks or the state? Or exactly in that order?
good point! the state sits first, the banks follow. simple logic games…
Considering that the Greek banks inflated the market prices of property that they were giving mortgages for hence loaners were paying, no this does not surprise me in the least.
We have allowed the banks to move in and up and take control of everything.