Thursday, March 15, 2012

Tax rises hit Greece as EU to discuss debt crisis

A wave of new consumer price hikes has hit Greece as European Union finance ministers gathered in Brussels to discuss the country's debt crisis.

The center-left government has increased the main sales tax from 19 to 21 percent, as part of a euro16 billion ($22 billion) austerity package to cut the budget deficit by almost a third this year.

The tax hike came into effect …

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