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They say they want to raise 23% VAT on restaurants from 13%. This would be killer for the Greek economy.

What proportion of restaurant business is foreign tourists? I think those will pay the hike.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Tue Jun 23rd, 2015 at 03:53:50 PM EST
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Didn't Greece already agree to that?
by IM on Tue Jun 23rd, 2015 at 04:19:26 PM EST
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It will cause a lot of people to lose their jobs, it will increase unemployment. Food prices tend to be sticky, so any rise in VAT is going to cause tourists to eat more gyros rather than go to resturaunts.
by Upstate NY on Tue Jun 23rd, 2015 at 04:57:22 PM EST
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