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E.Tsiliopoulos

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Taxes hurt tourism

Tourism professionals and island authorities are in a race against time in order to forestall the taxation of tourism that negotiations between the Greek government and its lenders are bringing on.

Social security fund IKA borrows to stay afloat

The Social Security Foundation (IKA), Greece’s largest pension fund, has decided to take short term loans worth €360 million in order to pay June’s pensions to its members, financial site enikonomia.gr reports.