Coffee, the daily companion of millions of Greeks, has been caught
Coffee, the daily companion of millions of Greeks, has been caught in the eye of a financial storm for years. Since 2017, when the Special Consumption Tax (EFC) was imposed, the price of a cup of coffee has steadily climbed, hitting both businesses and consumers alike.
Now, the Hellenic Coffee Association has taken action, sending a letter to the Prime Minister’s General Secretariat calling for the abolition—or at the very least, a significant reduction—of the tax. According to the Association, the EFC doesn’t just burden coffee businesses; it directly impacts every citizen who finds their daily cup increasingly expensive.
A Tax That Fuels Inflation
The timing couldn’t be worse. Global coffee prices have surged to their highest levels in 50 years, driven by climate change, reduced harvests in key producing countries, geopolitical tensions, and new EU trade restrictions. This perfect storm has already pushed costs to extreme levels.
Adding the EFC on top of this has only made the situation more suffocating. The Association warns that the tax is intensifying inflationary pressures, hitting households that are already struggling with rising food costs.
Looking Abroad: Denmark’s Example
Other countries, meanwhile, are easing the burden on citizens. Denmark recently abolished taxes on coffee
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