Greece's revised austerity plan

Reuters
June 24, 2011

Greece and its international lenders agreed late on Thursday to revise the country's five-year austerity plan to include more tax increases and less spending cuts.

The revised 2011-2015 fiscal plan, the key to unlock further EU-IMF loans for the debt-laden country, was submitted to parliament on Friday.

It includes a total 28.4 billion euros of fiscal measures, 155 million euros more than in an initial version of the plan unveiled earlier this month.

The revised plan foresees a total 14.32 billion euros of spending cuts, about 490 million euros less than in the previous version. It also calls for 14.09 billion euros of tax measures, 649 million euros more than in the initial version.

Here are the main measures and targets, as presented by the Greek Finance Ministry in a document obtained by Reuters. The privatization targets were set out in an EU/IMF document obtained by Reuters earlier this month.

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