Comment #2

time*treat — Wed, 17 Feb 2010 22:44:44 GMT

I heard about it. ;) http://www.lotterypost.com/blogentry/35557

Comment #1

JAP69 — Wed, 17 Feb 2010 20:28:06 GMT

Look what happen to North Korea with their currency.

Original Blog Entry: Greece: New Cash Restrictions & New Taxes

time*treat — Wed, 17 Feb 2010 18:42:47 GMT

Greece outlaws cash transactions greater than 1500 Euros.

From 1. Jan. 2011, every transaction above 1,500 eurosbetween natural persons and businesses, or between businesses,will not be considered legal if it is done in cash. Transactionswill have to be done through debit or credit cards -- In an attempt to rein in the shadow economy and collect more tax revenue (ahh, of course).

(Instead of, say, making the non-shadow economy competitive?)

http://www.agoratelegraph.com/2010/02/greece-outlaws-cash-transactions-above.html

Greece to levy 40% tax rate on more earners

Greece will lower the current 75,000 euro income threshold that is subject to a 40 percent tax rate as part of reforms to urgently boost government revenues (What about the revenues of the citizens who actually earned it?)

http://www.reuters.com/article/idUSLDE6170CY20100208

Greece raises retirement age and fuel taxes

Labor and Social Security Minister Andreas Loverdos announced a two-year increase in the average retirement age on Tuesday to bring it to 63 by 2015.

http://www.canadianbusiness.com/markets/market_news/article.jsp?content=D9DOOA600

(2010 is not the best year to be 56, eh? Kick the retirement, Charlie Brown.)

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