Monday, Greece has paid 6.8bn Euros to the ECB, IMF and the Greek Central Bank, and at the same time they actually received the loan-bridge of 7.6bn that will be used to cover all financial needs until mid-August.
In the meantime, Greek authorities and Troika representatives will have to agree on a new memorandum that will decide that reforms must be done within the next three years.
Prime Minister Alexis Tsipras have, sadly, lost another team member, the social providence general manager Giorgios Romanias, that quit explaining he felt humiliated and not wanted to proceed with the EU agreed terms, that according to him where the exact opposite to the ideals he initially was chose to support.
Monday morning, after the weeks, banks finally opened in Greece, even if with some capital control. All citizens can in fact go to the bank and proceed with normal operations. From this week Greek citizens can withdraw 60 euro daily or 420 weekly.
All foreigner currency transactions will continue to be limited, but will be allowed to import and export companies. Families with children studying abroad will be able to send 5.000 euros every 3 months and those that have to pay hospital treatments abroad will be able to send up to 2.000euros.
But the real problem arrives from the supermarkets, the VAT increase from 13% to 23% in many goods, such as butter, biscuits and chocolate has created a chaotic situation with the hurry into changing the price tags, not only, but also the transport VAT will increase from 5% to 10%.
VAT won't change regarding high quality good, it was and remains at 23%. But even in this dramatic situation there will be VAT decrease regarding medicines, books, magazines and cultural events as it has lowered from 6.5% to 6%, an event that shows not only that Tsipras government has the courage to face hard decisions but also that Greece is still culture birthplace.
Debora Guazzelli
In the meantime, Greek authorities and Troika representatives will have to agree on a new memorandum that will decide that reforms must be done within the next three years.
Prime Minister Alexis Tsipras have, sadly, lost another team member, the social providence general manager Giorgios Romanias, that quit explaining he felt humiliated and not wanted to proceed with the EU agreed terms, that according to him where the exact opposite to the ideals he initially was chose to support.
Monday morning, after the weeks, banks finally opened in Greece, even if with some capital control. All citizens can in fact go to the bank and proceed with normal operations. From this week Greek citizens can withdraw 60 euro daily or 420 weekly.
All foreigner currency transactions will continue to be limited, but will be allowed to import and export companies. Families with children studying abroad will be able to send 5.000 euros every 3 months and those that have to pay hospital treatments abroad will be able to send up to 2.000euros.
But the real problem arrives from the supermarkets, the VAT increase from 13% to 23% in many goods, such as butter, biscuits and chocolate has created a chaotic situation with the hurry into changing the price tags, not only, but also the transport VAT will increase from 5% to 10%.
VAT won't change regarding high quality good, it was and remains at 23%. But even in this dramatic situation there will be VAT decrease regarding medicines, books, magazines and cultural events as it has lowered from 6.5% to 6%, an event that shows not only that Tsipras government has the courage to face hard decisions but also that Greece is still culture birthplace.
Debora Guazzelli
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