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Suffering Greeks hit by new rise in VAT

GREEKS woke up yesterday to another round of price rises as VAT rose for the sixth time in six years.

Years of “austerity” have seen the economy shrink by a quarter and unemployment stands at almost 25 per cent, while EU-mandated attacks on wages and pensions have left working people poorer — but prices are now due to rise on many basics including coffee, beer, TV and phone subscriptions and internet use.

Greece’s Syriza-led government imposed the price rises in order to gain access to €10.3 billion (£8bn) in bailout funds that had been frozen by the eurozone group of EU finance ministers.

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