The Greek economy looses 670 million euro per year from cigarette smuggling. The situation with alcohol and fuel smuggling is similar as Greece looses 200 million euro from tsipouro smuggling and the same sum due to the illegal fuel trade.
The spread between the 10-year Greek government bonds and their German equivalent today rose to 940 basis points. By comparison, last Friday it was 914 basis points.
The public reactions against the establishment of reception and registration centres are intensifying. Macedonia is placing a second wire fence along its border with Greece, more than 5,000 refugees are in distress near Idomeni.