Greece to revamp tax system - bad idea!!

Hmmm, seems something is missing here, and you have investments in Euros, you should take notice.

The first thing missing is that there is no mention of cutting government spending. When you know you have the European Central Bank there to get you out of this mess, I don't think I'd be very serious about cutting spending either.

The other major problem of course is that this is a tax increase, and by the looks of it, a tax increase on the wealthiest people in the country. Greece's tax rate is already close to 40%, so lack of tax revenue is not likely the problem. And increasing taxes will just hurt consumption and hurt businesses.

"Markets so have reacted skeptically to Greece's recovery plan."
Well obviously markets will react skeptically, because their plan will destroy their economy, and their ability to pay their debt, and possibly the Euro and the Union along with it.

Greece wants to raise taxes to solve it's problem

reportonbusiness.com: globeinvestor.com - Greece to revamp tax system