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Bailout costing Greek agriculture 2 billion euros

greeceGreece has paid more than 2 billion euros back to the IMF, thereby clearing its debt. In addition to paying back the IMF, Greece also started paying back the ECB. Last Monday (July 20, 2015) the banks reopened, although payments are still limited, and new VAT rates were introduced in a hurry. As of this week the VAT has increased on many products; in some places to as high as 23%. The new rules are being questioned by entrepreneurs. A grocery store employee told the New York Times that he had no idea which products fall under which tariff. For now it seems only meat and fruits and vegetables are being spared from the tax increase.

You can read the full article here: http://www.freshplaza.com/article/143438/Bailout-costing-Greek-agriculture-2-billion-euros