Economides explained that the projected cuts could break down into 11.5 billion euros worth of cuts -- from pensions and wages as well as the sale of state property -- and the remaining 2 billion euros from additional taxes.

CNN: Euro crisis opens old wounds for Greece, Germany

On Friday (March 2) the state legislature is holding a hearing on a bill to exempt horses from the personal property tax altogether.

FORBES: Tax Rolls Reveal Cars Of The Rich (But Not Horses)