Sniffer dogs recruited in Greece to rule out tax cheaters

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Greek television media reports claim Greece will be recruiting sniffer dogs to rule out potential tax cheaters trying to take cash out of the country- where mass bank withdrawals prompted capital controls last year.

In a posting on a government web site yesterday, the Finance Ministry said it would be putting together a team to assess tenders for the provision of dogs tasked with detecting cash.

More than 50 billion euros left banks from November 2014 to July last year on fears the country could crash out of the euro, a crisis which culminated in capital controls and a new international bailout for the country.

Banking sources estimate that anything between 15 and 20 billion euros is still being kept by Greeks outside the banking system and tax evasion is still thought to be a huge issue.

GCT Team

This article was researched and written by a GCT team member.