- Reducing effective annual wages for public sector workers (which in Greece includes teachers, doctors, nurses, train workers, air-traffic controllers, and many others) by 5-15% per employee
- Banning increases in public sector salaries and pensions for at least three years
- Increasing the Value-Added Tax (VAT) from 21% to 23%
- Raising taxes on fuel, alcohol, and tobacco by 10%
Rioting continues in Greece as workers protest austerity measures...
Barkin, N & Papadimas, L (2010, May 2), Greece Pledges More Budget Cuts, Gets More Time, Reuters.
Morley, N (2010, February 10), Public Service Workers in Greece on Nationwide Strike, VOANews.
US Federal Deficit as Percent of GDP (2010), USGovernmentSpending.com.
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