A draft law reforming the Code of Taxation Process was tabled in parliament on Tuesday night, following the conclusion of public consultation.

New data released today by the Finance ministry shows that one out of four Greeks owes money to the Tax Bureau. The total amount of money owed to the state is at 62.5 billion euros.

While Europe is trying to fathom the changes that a third term for Ms Merkel will bring and how it will affect the future of the block, Greece is mired in its own political problems and the gazes of its political personnel are fixed on its proverbial navel, while political legitimacy is in tatters.