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Greece imposes property tax
Greece took desperate measures on Sunday to calm fears that it is on the brink of default - or might even leave the eurozone - by announcing a new property tax to plug budget shortfalls.
Updated on: Sep 12, 2011 9:33 PM IST
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Greece took desperate measures on Sunday to calm fears that it is on the brink of default - or might even leave the eurozone - by announcing a new property tax to plug budget shortfalls.
With the debt-stricken country at serious risk of being denied an €8bn (£6.9bn) rescue loan from the EU and International Monetary Fund, Athens said that it would apply the levy immediately.
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