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