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Tag Archives: property taxes

Bleeding till the end: More taxes for Greek property owners

Do you remember Papandreou’s government famous campaign to legalize semi-sheltered spaces (ημιυπαίθριοι) in houses and apartments against a fee of at least some €800? The campaign launched in 2010 by then Environment Minister Tina Birbili and Finance Minister Giorgos Papaconstantinou was much praised in 2010 and 2011 as a mean …

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Greeks Swept by Tax Tsunami Amid Recession & High Unemployment

Greeks are shocked. And swept away by the tax tsunami that hits them amid deep recession, political and economic uncertainty, and the threat of euro exit swinging above their heads. The tax statements that reach millions of households make taxpayers to hold their breath. Even though incomes were decreased at 30% in 2011,  for the …

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Patras: Property Owner Hands Out Home-Keys to Bank

A man entered a local bank branch in the city of Patras, western Peloponnese. He was holding the keys of his home, which he had bought with a loan mortgage of 300,000 euro. He neared the branch director and left on his desk two keys. when the director asked “What …

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Greece’s Budget 2012: Recession, Unemployment, High Taxes

Greece’s Budget 2012 has been submitted to the Parliament on Friday after being approved by the Cabinet. According to the text tabled at the parliament, the Budget 2012 estimated that recession will be reduced to 2.8%, unemployment to exceed 17% and new taxes to empty taxpayers’ pockets by 12 billion …

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