Anybody who reads a newspaper, or surfs on the net, will be aware that the Greek economy is at crisis point and that the incoming government has to slash the country’s spending, immediately. Amidst a raft of measures designed to cut spending, increase taxation, and tackle the endemic corruption that has fuelled the black economy and reduced tax receipts, PASOK has announced that it is to shift the burden of Greek annual property taxes.
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As the scale of the Greek national debt becomes apparent, the need for money has fuelled an intense debate over Greek property taxes and the battle lines between Church and State have been drawn. The Church is the largest property owner in Greece and the government believes that it has enjoyed tax-exemption for long enough and that it should pay its dues. The Orthodox hierarchy, of course, have dug their feet in the sand and stated that they are simply going to refuse to pay the one off windfall tax.
Talk of the impending General Election dominates the news, fuelling intense debate in every taverna across the land, as the parties lay down their manifestoes for escaping the economic doldrums. Greeks love talking about politics and they love elections even more, although that may be due to the extra holiday given for voting and for recovering from the ordeal.
Gorgeous George and Real Estate Investments in Greece
In a recent interview with the national newspaper, To Ethnos Tis Kyriakis, George Papandreou unveiled his vision for the future. The leader of the opposition socialist PASOK party laid out some of the changes that his party will make if he is elected as Prime Minister. The ruling New Democracy party possesses a wafer thin majority in parliament, and the increasing unrest amongst the population means that a snap election could be called at any time. Opinion polls indicate that PASOK has edged ahead of ND, and the consensus opinion suggests that Papandreou could be forming the next Greek government before the year is out.
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