A highly ambitious transportation proposal aims to connect Athens with approximately 40 other destinations in Europe through a high-speed “mega-metro” rail network by 2040. Dubbed “Starline,” the blueprint of this plan hopes to replace Europe’s fragmented national railways with a unified 22,000-kilometer (14,000-mile) system, significantly reducing travel times for Greek and European passengers overall, offering a green alternative to short-haul flights.

Developed by the Copenhagen-based think tank 21st Europe, the Starline project proposes five major railway corridors spanning 22 nations across Europe. The proposed routes include Line A from Naples to Helsinki, Line B from Lisbon to Kyiv via Madrid, Line C connecting Madrid to Istanbul, Line D from Dublin to Kyiv, and Line E linking Milan to Oslo. Operating like a city metro on a continental scale and obviously above ground, the network will link European cities under a single transit identity, with trains reaching speeds between 300 and 400 kilometers per hour.

Where do Athens and Greece come into the equation of this Europe-wide system?

For Greece, the infrastructure upgrade would drastically alter regional connectivity within the country and across southeastern Europe. Τhe European Commission recently announced targets to cut Sofia-to-Athens travel from 13 hours and 40 minutes to six hours, and Berlin-to-Copenhagen from seven hours to four.

The proposal complements these targets across the continent, where similar reductions will happen. A trip from Berlin to Copenhagen, from example, will drop from seven hours to four, while historically overnight routes like Kyiv to Berlin will become predictable, direct daytime connections.

Transportation remains one of Europe’s largest climate challenges, generating roughly a quarter of all greenhouse gas emissions. While aviation accounts for a smaller percentage globally, short-haul flights remain the default for millions of European travelers. High-speed rail produces up to 90 percent less carbon dioxide per journey. 21st Europe states that a large-scale shift to rail represents the best path toward meeting the European Union’s 2050 net-zero emissions targets while maintaining fast mobility.

The proposal moves away from traditional railway conventions as the dark blue trains will abandon standard first- and second-class divisions, replacing them with purpose-built spaces such as quiet workspaces, family-oriented sections, ergonomic seating, and communal coffee areas. This layout aims to democratize long-distance travel and prioritize passenger comfort.

The Greek government is reportedly finalizing legislation to impose a 15% tax on capital gains derived from cryptocurrencies, aiming to formally integrate digital assets into the national tax code. According to government officials who spoke to Reuters on Friday, the Ministry of National Economy and Finance in Greece is drafting the bill, which authorities expect to submit to Parliament for approval in the coming months.

Under the proposed financial framework, the initial 500 euros of cryptocurrency profits will remain exempt from the new tax to shield small-scale retail investors. Any capital gains exceeding this threshold will face a flat 15% rate, aligning the taxation of digital assets with traditional securities sales in Greece.

It is believed that people engaged in personal cryptocurrency mining will not face taxation on their yields. However, if the mining operation functions as a registered corporate entity, standard business tax rules will apply.

The current situation regarding cryptocurrency taxation in Greece

At present, Greece operates without a comprehensive legal framework specifically targeting cryptocurrency profits and people making a living out of them. This regulatory gap reflects a broader inconsistency across the European Union, where member states currently lack a unified fiscal system for the rapidly expanding sector. Across the continent, tax rates on digital capital gains vary significantly, ranging from an 8% low in neighboring Cyprus to 30% in France. The upcoming Greek legislation seeks to close domestic loopholes and bring Athens in line with European peers that have already established clear rules for digital investors.

The legislative move coincides with a wider European push to curb tax evasion and financial opacity within the digital space. The European Union recently introduced the Markets in Crypto-Assets (MiCA) Regulation and the DAC8 Directive, which mandate strict reporting standards and demand that crypto-asset service providers share user transaction data with national tax authorities. Greece’s updated tax code will operate in tandem with these measures on a European level.

A pointless measure?

Despite the planned implementation, government sources acknowledged severe difficulties in measuring the actual size of the domestic cryptocurrency market. The vast majority of Greek investors execute their trades through international, offshore platforms rather than locally registered exchanges. This decentralized structure makes it nearly impossible for financial authorities to accurately track the total volume of digital assets held by people. Consequently, the Ministry of Finance has not yet published any specific projections regarding the exact state revenues the 15% tax might generate.

Until the proposed legislation officially becomes law, cryptocurrency profits remain largely undeclared in Greece, leaving a substantial pool of potential state revenue untapped.

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