Categorías: Todo - spending - debt - taxation

por Camila Flores hace 13 años

262

GREEK

Amidst the euro debt crisis, Greece faces significant financial and political challenges. A vital referendum was planned to address public resistance to stringent austerity measures required by Eurozone partners.

GREEK

GREEK

Germany warns Greece over rescue

The Eurozone plan to save Greece
Leaders agreed on a 100 bn euros loan to Athens and a 50% debt write-off
The planned referendum threatens to unravel a deal reached at EU summit last week aimed at resolving the euro debt crisis
A referendum was vital to try to overcome resistance on the streets to deepening cuts.
China has added its voice to those calling for swift action.
Greece would offer "a clear mandate" for austerity measures demanded by eurozone partners.
Germany would make it clear in talks with the greek pm that the plan as needed.
France was also determined to see the deal implented fully.

Austerity Measures

Labour Market Reform
The law will make it easier for the companies to cut their payroll costs.
Privatisation
In 2012 they plans to sell stakes in diferent companies
The government aims to rise 50 bn euros from privatisations.
Cutting Benefits
The Statutory Retirement age will be raised
Monthly Pensions
Social Security
Spending Cuts
Edutation
Subsidies
Public Investment
Health
Defense
Taxation
Public Sector Cuts

The public sector wage bill will be cut steadily

Tax will increase

2014

699 m

2013

152 m euros

2012

3.38 bn euros

2011

2.32 bn euros