BERKELEY, Calif., Dec. 29 (UPI) -- Almost 50 percent of Greece's deficit in 2008 -- $37 billion -- could have been eliminated if some of the wealthiest hadn't evaded taxes, U.S. researchers say.
Adair Morse, a visiting assistant professor of finance at the Haas School of Business at the University of California, Berkeley; Margarita Tsoutsoura, assistant professor, University of Chicago Booth School of Business; and Nikolaos Artavanis, a doctoral candidate at Virginia Tech Pamplin College of Business, said they used data involving credit applications for consumer credit products at one of the 10 large Greek banks from 2003 to 2010.