Do the business world and the rich people really do enough for your ailing country? There are countless cases of tax evasion. Although tax evasion is a problem in many countries, in Greece we have had relatively more. That is why I repeatedly called upon past Greek governments to tackle the problem. Fortunately, the present coalition government is acting.
The importance of the consistency of the messages across time, countries and media outlets remains. But the context has changed fundamentally. During this crisis, central bankers and policy-makers are faced with a potentially explosive interplay between markets and politics. Messages that are necessary and legitimate in public debates can be completely unsuited for market communication and exacerbate tensions. Let me explain.