Tax avoidance appears to be on the rise in Greece. Authorities expect to be owed up to 13 billion euros in undeclared taxes this year alone. To recover some of that money, the country is resorting to some unorthodox measures.
Greece's creditors have concluded a first round of fresh bailout inspections to assess reforms. Even if deadlines are met, a shattered economy and battered public trust will linger behind, says Anthee Carassava.
The head of the world's biggest carmaker Volkswagen has issued an unprecedented call to end tax breaks for diesel fuel in Germany, saying the technology must make way for cleaner ways of driving.
Talks between Greek officials and representatives of major creditors have resumed in Athens as the southern European nation hopes to secure yet another bailout tranche by July at the latest.
German Finance Minister Wolfgang Schäuble, a seasoned stickler, is bidding farewell after eight years. Though anyone in the EU looking forward to a future of more debt may be cheering too soon, writes Bernd Riegert.
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