Wall Street Journal
November 12, 2010
An already weary Greek population is expecting more bad news next week with indirect taxes again likely to climb and more draconian cut backs with the aim of filling a €4.5 billion budget shortfall.
As the Greek tragedy unfolds into its next chapter–post the cheering of being ahead of targets a short few months ago–the ruling socialist government could again be shooting itself in the foot on the advice of the International Monetary Fund and the European Union.
It may cave in and deal another round of the heavy blows to the local economy which is already on the ropes on the poorly formulated advice of its international lenders.
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