I read an interesting article in the WSJ the other day that explained that in order to exit the bailout Greece ended up “raising taxes so high that they are strangling the small businesses that form the backbone of its economy.” This is probably why, surprisingly, the prices in Greece are higher now than one might expect and there seems to be a lot of “nickel and diming”.

In addition I read that Energy costs increased by 157% in the last ten years. So not an excuse for these types of policies but perhaps an explanation.

I do think it is short sighted for a country that relies so heavily on tourism.