{"id":155761,"date":"2010-01-08T12:00:00","date_gmt":"2010-01-08T17:00:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/greece-decides-to-drink-and-smoke-its-way-out-of-debt-2010-1"},"modified":"2010-01-08T12:00:00","modified_gmt":"2010-01-08T17:00:00","slug":"can-greece-smoke-and-drink-out-of-its-debt","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/155761","title":{"rendered":"Can Greece Smoke And Drink Out Of Its Debt?"},"content":{"rendered":"

\"many<\/p>\n

When your country is about to go bankrupt and get kicked out of the EU<\/a>, what do you do for an instant increase in tax revenue? Simple: you tax booze<\/a> and cigarettes.<\/p>\n

BBC<\/a>: The Greek government has announced increases in taxes on alcohol and tobacco as it seeks to counter the country’s debt crisis.<\/p>\n

For most drinks, tax per litre of alcohol will rise from 11.4 euros (£10.23) to 13.7 euros with immediate effect. Tax on a pack of cigarettes will rise from 57.5% to 70% on 12 January.<\/p>\n

The Finance Ministry said the measures would increase revenues. The government has ruled out increasing VAT. Value added tax currently stands at 19%.<\/p>\n

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