Greek debt crisis: Greece begins repaying ECB and IMF as banks …

Greek debt crisis: Greece begins repaying ECB and IMF as banks …

The VAT rose from 13% to 23%, making some meats, cooking oils other than olive oil, cocoa, vinegar, salt, flowers, firewood, fertilizer, insecticides, sanitary towels and other basics all more expensive.

Services hit by the new VAT increases include restaurants and cafes, funeral parlors, taxis, cramming and tutorial schools very popular with Greek students seeking to make up for the deficiencies of the school system language institutes and computer learning centers. Public transport fares are expected to rise early next month.

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Greek debt crisis: Greece begins repaying ECB and IMF as banks …

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