The Roof Comes Off the Parthenon: Greek Austerity Details Leaked
2012 10 25

By Alexander Reed Kelly | TruthDig.com

Rumors of budget cuts have been trickling out for the last four months. Now a 94-page draft memorandum, yet to be officially released, appears to detail Greece’s new austerity measures in full.

The draft states an increase of 5 percent on personal taxes made last year will be retained through 2018. Twenty thousand employees are due to be cut from the public payroll in 2013, with 5,000 more in 2014. The retirement age will rise from 65 to 67, interest on deposits will rise from 10 percent to 15 percent and various tax exemptions will be eliminated.

Heavier taxes will be levied on farmers, certain payrolls will be reduced by up to 35 percent, and the number of employed associate professors will be cut drastically from 15,226 to 2,000. Traffic ticket penalties will rise 25 percent and special seasonal unemployment benefits will be scrapped.

[...]


Read the full article at: truthdig.com













Related Articles


Latest News from our Front Page

Illegal Aliens Cleared For U.S. Military Service
2014 10 18
The Pentagon announced a new policy allowing illegal immigrants the opportunity to enlist in the armed forces, Thursday. USA Today reports that the new recruitment policies will focus on people with "high-demand skills" like foreign language acumen and health care training: "For the first time, the program — known as Military Accessions in the National Interest, or MAVNI — will ...
Bronze Age Sundial-Moondial Discovered in Russia
2014 10 16
A strange slab of rock discovered in Russia more than 20 years ago appears to be a combination sundial and moondial from the Bronze Age, a new study finds. The slab is marked with round divots arranged in a circle, and an astronomical analysis suggests that these markings coincide with heavenly events, including sunrises and moonrises. The sundial might be "evidence of ...
Humans may only survive 68 days on Mars
2014 10 15
Space enthusiasts planning a move to Mars may have to wait to relocate: conditions on the Red Planet are such that humans would likely begin dying within 68 days, a new study says. Oxygen levels would start to deplete after about two months and scientists said new technologies are required before humans can permanently settle on Mars, according to the study ...
Tom Sunic’s letter to the US Ambassador to Hungary
2014 10 14
October 11, 2014 Mr. André Goodfriend Chargé d’Affaires Embassy of the United States of America Szabadság tér 12 H-1054 Budapest Dear Mr. Goodfriend, As an American citizen I would hereby like to express my concern over the recent decision by the Hungarian government to ban the National Policy Institute (NPI) conference which had been scheduled to take place in Budapest from October 3 to October 5, 2014. ...
"Vampire grave" found in Bulgaria
2014 10 14
A "vampire grave" containing a skeleton with a stake driven through its chest has been unearthed by a man known as "Bulgaria’s Indiana Jones". Professor Nikolai Ovcharov – a crusading archaeologist who has dedicated his life to unearthing mysteries of ancient civilisations – said that he had made the discovery while excavating the ruins of Perperikon, an ancient Thracian city ...
More News »