Officially, according to the financial aid programme, the budget deficit at the end of 2011 should be 7.6% of GDP. It soon became clear that ideally it would drop to 8.5% of GDP from its current level of about 10%. The financial markets were quick to respond, but not in a positive way.

Greece is sinking into a deeper recession, people are breaking down under the burden of the extra taxes, but their deputies continue to enjoy higher wages, free phones, cars, airline tickets and even allowances for renting an office.

In 2010, Greece enforced a law under which individual persons have to account for 25% of their declared annual income through receipts for their expenditure. This week, the value of the purchases will be recorded in digital format and immediately sent to the database of the Ministry of Finance.

Smartphones have conquered the market of phones, this month the main players in the industry will present their latest models. If you plan to buy a smartphone, wait.

After fierce bargaining with the representatives of the supervisory Troika, today the Government submits to Parliament next year's draft budget.