CrisisWatch

Issue 11, January 2013

Smoke on the city…

The dramatic increase in the price of heating oil, following the imposition of a huge tax increase, has led Greek households to seek other means, such as burning wood and lignite in fireplaces and stoves. Since 2011, heating oil prices have gone up by 40%, which has lead to a more than 70% drop in demand, forcing many distribution businesses to close down. The high oil price has in some cases led public services, especially schools in N. Greece,...
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