Budget expenditure adjustment should save 11.5 billion euro in total. 7.5 billion euro will come from the cuts of wages, pensions and social security. The increase in the retirement age will save 1.1 billion euro by 2014 and 2.9 billion euro will come from structural reforms.
Consumers’ mentality of the mid-nineties that looked for expensive, imported and luxury products has vanished with the changes in the social and economic life in Greece and now, their profile is diametrically opposite.
According to a report of the Centre for Disease Control and Prevention, long forgotten diseases have returned to Greece, new ones have appeared and infectious diseases have spread so widely that there is a risk of epidemics.