The big question is can they recover with such tax increases? For example, farmers in Greece will have to pay double tax, from 13% to 26%, for incomes of 12,000 euro!!!! Incomes of 20,000 euro get taxed at 5,120!!
Taxes on hotels and restaurants from 6% to 23%.
These are the kinds of things "Europe" is asking Greeks to swallow.
I just think it's all wrong. they should just focus on measures that do not have negative economic impact on business, all business, everywhere. Europe has a bleak future with this kind of setup. Imagine if we had a government here and Congress that even thought of shit like that.
Hail Obama!