Greece's tax revenues collapse as debt crisis continues

As talks continue over proposed a86bn third bailout, Greek treasury says tax revenues fell 8.5% in a year, and public spending fell 12.3%

Fresh evidence of the dramatic impact of the Greek debt crisis on the health of the country's finances has emerged, with official figures showing tax revenues collapsing.

As talks continued over a proposed a86bn third bailout of the stricken state, the Greek treasury said tax revenues were 8.5% lower in the first six months of 2015 than the same period a year earlier. The bank shutdown that brought much economic activity to a halt began on 28 June.

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