Greece - Greece's Tax Measures under the Microscope: Too High a Price for the Avoidance of a Disorderly Default?
- K. Petoumenos
- European Taxation, 2015 (Volume 55), No 11
- 16 October 2015
During the summer of 2015, the parliament voted for a set of radical fiscal reforms in order to avoid official default of the Greek state, meet the demands of its creditors and unlock a new loan by the European Stability Mechanism. The loan was approved, however, there was significant political fallout due to the strictness of the measures. This note examines the numerous amendments introduced into Greek tax legislation, along with the potential negative implications and opportunities that may arise.