Tags: EU | Greece | Financial | Crisis

Tax Rises Hit Greece as EU to Discuss Debt Crisis

Monday, 15 Mar 2010 07:06 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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 16 billion euro ($22 billion) austerity package to cut the budget deficit by almost a third this year.

The tax hike came into effect Monday, raising the cost of fuel and most consumer goods and services.

Greece will present the first results of its austerity measures at the EU ministerial meetings Monday and Tuesday, and says it is looking for political rather than financial backing.

A finance ministry statement Sunday said the austerity program "appears sufficient" to meet budget saving targets.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Poll Watchers on Both Sides Keeping Close Eye on Voter ID Laws

Saturday, 25 Oct 2014 16:41 PM

Poll watchers for both liberal and conservative groups will be battling over voter ID laws on Election Day, with Democra . . .

Journalist Says Body Was 'At War' With Ebola

Saturday, 25 Oct 2014 15:43 PM

Ashoka Mukpo knew he really was in trouble when he saw the people treating him in full suits and hoods.The American vide . . .

Returning Ebola Health Workers to Get Paid Leave at Hospital

Saturday, 25 Oct 2014 15:14 PM

Employees returning from the West African countries hit hardest by Ebola will get a 21-day paid furlough from New York-P . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved