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Greece - EU Debt Deal - What it Means to the Greek Population

Greece - EU Debt Deal - What it means to the Greek population

  • Wider tax base to increase revenue
  • Consumer and corporate tax increases
  • Retirement age raised to 67 by year 2022, aid to indigent seniors phased out by end of 2019
  • Labor markets opened up, unions modernized
  • Overhaul of civil judicial system to accelerate cases, reduce costs
  • Greek assets will be placed in a trust fund, not controlled by Greece’s government. Assets can be liquidated to repay debts

Source: AP, Reuters, EU Summit Statement