Greek
small business owners burn;
Maria Iliadou, who owns a franchise for the Goody’s Burger House chain
in Thessaloniki, said suppliers who used to get paid via electronic
banking are asking for cash for July. With capital controls into their
second week and banks shut, she said she will have to close by the end
of this month if she can’t access her account.
“I, and the other people like me who have a business to run, or have job
positions in the private sector, are dubious about the conclusion of an
agreement and are anxious about the time being lost every single day,”
said Iliadou, 37.
Which is a particularly big problem for Greece, because;
Greece has one of Europe’s highest proportions of small enterprises and people working for themselves.
The ratio of self-employed to the labor force is about 35 percent,
according to a report by the Washington-based Center for Economic and
Policy Research. Among services companies, over 60 percent employ fewer
than 10 people, Organization for Economic Cooperation and Development
figures show.
The new Greek Civil War;
She [Maria Iliadou] voted “yes” to creditor proposals for more austerity in the Sunday
referendum to ensure Greece stayed in the euro and banks reopened. Most
of her employees, who are under 30, voted “no ” with the majority.
“People who voted ‘no’ are completely relaxed and not expecting any
consequences,” said Iliadou. “The devoted followers of Tsipras
absolutely honor him and believe this will end in a few days.”
And, when it doesn't?
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