Friday, July 29, 2011
Striking Greek Taxis Demand Government Must Pay for Black Market Licenses
When Giorgos became a taxi driver in Athens two years ago, he did it the only way he could: by breaking the law.
Unable to inherit a family business, he borrowed from the bank and paid 100,000 euros ($143,010) for a license on the black market. Now he says he may fail to meet his loan obligations as the Greek government deregulates the taxi industry and opens the door to new cars taking fares as part of its commitment to a free market.
Read more..
Bloomberg