{"id":384158,"date":"2010-03-03T09:15:00","date_gmt":"2010-03-03T14:15:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/this-is-what-your-greek-austerity-plan-looks-like-2010-3"},"modified":"2010-03-03T09:15:00","modified_gmt":"2010-03-03T14:15:00","slug":"this-is-what-your-greek-austerity-plan-looks-like","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/384158","title":{"rendered":"This Is What Your Greek ‘Austerity’ Plan Looks Like"},"content":{"rendered":"

\"greece<\/p>\n

Overnight<\/a>, Greece announced a new plan set to bring the country in line with EU directives on its budget.<\/p>\n

Government workers will have their vacation time pay cut 30% and their pensions frozen as a result of the new rules, according to the Times of London<\/a>. Bonuses for government workers will also be impacted.<\/p>\n

Nationwide increases to the value added tax, or VAT, will occur seeing taxes increase on all VAT eligible purchases to 21%. Alcohol and tobacco will see a tax rise of 20% and an 8 Euro cent increase on the gas tax will also be put in place. There will also be a luxury goods tax put in place, according to the Times of London<\/a>.<\/p>\n

This will all amount to $6.6 billion increase<\/a> in revenue for the Greek government.<\/p>\n

The Greek Communist Party, which received 7.5% of the vote<\/a> in the last election, have called for massive protests in response, according to the FT<\/a>.<\/p>\n

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