That’s Greek for… oh, we’ll let you guess this one. Two clues: it starts with ‘a’, and ends in ‘y’.

Flashes from today’s just-announced Greek austerity plan:

RTRS-GREECE TO CUT STATE SALARY BONUSES BY 30 PERCENT – DRAFT BILL

RTRS-GREECE TO HIKE VAT BY 2 PCT POINTS TO 21 PCT – DRAFT BILL

RTRS-GREECE TO RAISE EXCISE TAX ON FUEL BY 3-8 CENTS/LTR – DRAFT BILL

RTRS-GREECE TO RAISE SPECIAL TAX ON TOBACCO TO 65 PERCENT FROM 63 PCT – DRAFT BILL

RTRS-GREECE TO RAISE DUTY ON ALCOHOL – DRAFT BILL

Raising alcohol duty? Better stock up on the retsina and ouzo right now.

This entry was posted by Joseph Cotterill on Wednesday, March 3rd, 2010 at 12:27 and is filed under Capital markets. Tagged with Deficits, Greece. Edit this entry.