Greek Defense Budget Set For Another Hit

Greece's battered defense budget will be cut another 100 million euros in a trade-off the country's coalition government made with international lenders to reduce the Value Added Tax (VAT) on restaurants and tavernas and boost a record-breaking tourist season. The VAT was slashed from 23 to 13 percent for the rest of the year in what Prime Minister Antonis Samaras said was a test to see ...

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