Greek Finance Minister Evangelos Venizelos announced, on September 11, that a new property tax will be in place over the next two years.

The new property tax is supposed to make up for 2.6 billion dollars in lost tax revenues.  Funny how politicians think that the answer to people not being able to pay taxes, because their incomes are down, is to increase or create new taxes!

To try and placate the Greek masses, the government said politicians will give up one month of pay, big whoop!