
“The cash-strapped nation got a short-term loan from European creditors to pay more than 6 billion euros ($6.5 billion) owed to the International Monetary Fund and the European Central Bank. But for most Greeks, already buffeted by six years of recession, Monday was all about rising prices as tax hikes demanded by creditors took effect. There are few parts of the Greek economy left untouched by the steep increase in the sales tax from 13 to 23 percent. strict controls on cash flows, including a ban on check-cashing and payments abroad as well as limits on cash withdrawals, remained in effect. New rules permit the withdrawal of up to 420 euros a week.”
Related posts:
US expats flee taxman's reach by giving up citizenship
Zimbabwe army takes control but denies coup
Google Approves Cyanogen’s Oppo N1 Phone
Lenders In Europe Will Need More Central Bank Cash, Fitch Says
Two-thirds of French people agree with labour minister's statement that country is 'totally bankrupt...
YouTube Is Serving Covert Cryptocurrency Mining Ads
Police serving search warrant at home of pro-gun activist Adam Kokesh
Goldman's BRIC Era Ends as Fund Folds After Years of Losses
British prime minister: Edward Snowden harmed national security
Former Miami Herald editor's ties to CIA confirmed in latest JFK docs
Finance Goes From Foe to Friend in Hollande Government
Obama’s Backers Seek Big Donors to Press Agenda
Gold Price Oscillator (Year over Year Price Change %)
Human rights court blocks extradition of U.K.-based terror suspect to U.S.
Der Spiegel Laments The Rapid Spread of Printable Pistols