Who will lose more until 2015

2012 and 2014 will be the "difficult" years, shouldering the major burdens prepared by the government under the new memorandum, since they will see the implementation of 2/3 of the measures, totaling 23 billion euros. Many of the new measures will be presented at tomorrow's cabinet meeting. However, their announcement will probably come in parts, until the voting in mid May or early June.

According to information. the economy team has moved into a share of the new package of measures, which provides that:

2012 will require measures of 7 to 8 billion. In 2013, which is an election year, 3 to 4 billion-euro measures will be added. In 2014, the new government will have to implement immediately further measures of up to 7 billion. For 2015, the remaining measures will reach 4 billion.

The basic direction in the "package"/measure of the 23 billion is that 1/3 (9 billion) will come from revenue growth and the other two thirds (14 billion) from cost cuts focusing on wage costs (overtime payments) and social transfers (pensions and allowances).
 
The 4 axes of the plan

1. Fiscal adjustment

The Finance ministry is hoping for a primary surplus of the general government, starting in 2012: 0,9% of the GDP in 2012, 3% in 2013, 5,5% in 2014 and a surplus of 6% for 2015%.

2. Public property

Privatizations and the list of state real estate for utilisation will be "locked", aiming to raise 15 billion by 2012 and a total of 50 billion by 2015.

3. Development

The new development law of the Finance ministry and of other similar measures by the Tourism ministry and that of Rural Development will comprise the heart of the discussions.  

4. Benefits

The plan will refer to a "social dividend". The Mid-Term Plan will include measures/"benefits" for low-income groups, within the programmed plan for cuts, as the government will introduce income and assets criteria for the benefits to be granted.