GREECE, CUT IN VAT

According to Eurointelligence, it appears to have been agreed (although it's still unconfirmed) that Greece will be allowed to cut the VAT rate from 23% to 20%.

On the other hand, restaurants and tavernas will have to charge 23 percent value-added tax rather than 13 percent, according to Kathimerini.

Give a thing, take a thing. 

Good news that ferry fares will be cut by 10%.