……The EU is helping Greece to claw back some of the €60 billion in unpaid taxes hidden away in Swiss bank accounts. That’s a huge amount when you consider that the entire bail-out package for Greece totals €110 billion.
A team of EC experts have been sent to Athens to help negotiate with Switzerland, and their first feedback claims “concrete steps”. Horst Reinchenbach, the German head of the task force, said:
But the good news only stretches so far – an EU official on condition of anonymity said that of the missing €60 billion, just half is “theoretically collectible” and only €8 billion are likely to be recovered “sooner or later…..