Sunday, January 13, 2013

Parliament approves on Tax Increase in Greece By Nina Bharadwaj


     On Saturday, the Parliament in Greece approved on increasing the tax due to the fact that it would add to the governments' income. It is more likely to anger citizens, opposed to the country's serious matters.
     The new law on tax was passed early. It is much needed to help the country escape its' debt.
     The government says that it is mandatory for all of the tax payers to produce an income tax declaration, while raising property and corporate taxes.
     The new bill is said to be a "fiscal necessity". It will hopefully mean that the shortfalls are met in an agreeable way. Finance Minister Yannis Stournaras told lawmakers this, reported ANA. The purpose of this tax increase is intended to raise 2.3 billion euros ($3 billion dollars) in the year of 2013.
  This vote came a day after very critical, of the media, arsonists attacked the homes of five important journalists with bombs. An anarchist group, that was angry at Greece's media coverage, took responsibility for these attacks.
     It was the first coordinated action in Greece since 2008, when there was economic crisis'. This anarchist group, the Lovers of Lawlessness, described the media as the "official representation" of a corrupt system.
     The anarchist group said that the five journalists were two-sided because they were "using a pro-workers rhetoric but also winking mysteriously at their bosses.
     Police officer, Christos Manouras said "Only small material damage was caused by the explosions."
     The attacks, on Friday, happened after numerous reports on Greece s' "triangle of power". The reports had detailed information on the country's financial beings.
     The government, in Greece, has showed strong disapproval on the attacks. A spokesman, Simos Kedikoglou said that the attacks were the anarchists trying to "terrorize the media", which he said is a necessity to the government.
     Apparently, it is not the first time that the anarchist group has taken strong measures against the journalists. In July, the group said that it was their fault for an arson attack outside of a restaurant owned by a journalist.
     Greece's international partners agreed to bail Greece out for a second time, and they allowed Greece to have time to increase its' economy.
     These stern measures have created protests everywhere, in Greece. Greece's economy has weakened over the years, increasing the unemployment rate, so hopefully this law helps out their debt.
Analysis: The author of this article, Laura Smith-Spark, wrote this article just to inform us about what is being done to help the economy in Greece because as we know, many European country's have been in plenty of debt, lately. There was no sense of bias in this article. There were many straight-foward facts. The main idea of this article is that Greece's government is increasing their taxes, and many people don't agree with this.
I don't know if I agree with increasing taxes or not. I am not really old enough to know what it would be like. I wouldn't want to have to pay more money, yet I wouldn't want the unemployment rate to keep rising. Just because I may not be the first person to lose their job, I could be the next. If I wouldn't help other people get jobs by paying taxes, then how could I expect people to help me? I hope this tax problem gets solved quickly because we don't want the media, or anyone else, to get hurt. I also hope that Greece's debt will decrease within the year, as well as all of the European countries.
Source: http://edition.cnn.com/2013/01/12/world/europe/greece-crisis/index.html?hpt=ieu_c2

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