Monday, October 21, 2013

Belt tightening

Today I went to my local hardware store to buy a ladder as we start olive picking. Normally for this I would get an invoice but today I was told they could not give me an invoice. This is a common situation at the moment as small businesses concentrate on cash only to stay afloat.

Indeed the olive mill that I use has not had there POS machine working for over a year now and I would bet that a lot of mills in Umbria are having the same problem!

One result of this is that even more economic activity has become 'nero' Or under the counter and so the government is able to collect less tax. This could develop into a vicious circle.

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