Greece has "exhausted" its ability to pay more taxes to cover budget gaps, the deputy prime minister declared Wednesday, saying he himself can't pay a new emergency tax without selling property.
Theodoros Pangalos spoke as the debt-shackled nation faced fresh strikes and braced for another inspection by international creditors, starting Thursday, to decide whether to continue the vital bailout loan payouts.Zero Hedge
Central valley California has the same problem. There is little combination of property price inflation or rental value that covers the local cost of government.
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