Sunday 12 July 2015

Greek tourist hotspots face big bailout tax hikes

Some of the proposals under discussion.

http://www.ekathimerini.com/199373/article/ekathimerini/business/greek-tourist-hotspots-face-big-bailout-tax-hikes

"The Greek meal sales tax in the bailout proposal being considered Sunday by European leaders would boost it from the current 13 percent to 23 percent, while hotels would see room sales taxes rise from 6.5 percent to 13 percent.
Cromba and many other merchants said they would be forced to offset the higher taxes with lower prices to keep their cash-strapped customers."

When Greece Wrote Off German Debt in 1953 and How Germany Wants to Forget It

A view from the Greek perspective

http://greece.greekreporter.com/2015/07/09/germany-can-write-off-greek-debt-like-greece-did-for-germany-in-1953/


"It is time then for Germany, Greece’s biggest lender and Europe’s strongest economy, to show the same generosity poor Greece had shown in 1953 and write off part of its debt. That’s solidarity. "

And a view from a German perspective, summarised by the BBC from the Bild newspaper

"20:29
It takes a brave person to try and predict what might happen next in Greece. But, over at Bild newspaper in Germany, they've been trying to do just that.
In brief, here are the possibilities they outline:
  1. A deal is signed - and possibly a new coalition is formed in Greece
  2. Eurogroup says it is unhappy with Greek plans – so Tsipras prepares for Grexit
  3. Eurogroup says it is unhappy with Greek plans – Tsipras refuses Grexit
  4. Prime Minister resigns ahead of Grexit - so elections are called
  5. You can read the whole piece here (in German) " .

http://www.bbc.co.uk/news/live/world-europe-33497309