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Tenth austerity package (Greece)
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Tenth austerity package (Greece) : ウィキペディア英語版
Tenth austerity package (Greece)

Since late 2014 The Greek economy has been on terminal decline. The main reason was a result of political instability due to the Greek presidential election. The parliament failed to elect a president and the Cabinet of Antonis Samaras collapsed. The election took place on 25 January 2015 and the left-wing party Syriza won the election. The new government tried to follow an anti-austerity politics with whom the European administrative bodies had disagreed. At the first quarter of 2015 the Greek economy returned back to the recession.〔(【引用サイトリンク】url=http://www.bloomberg.com/news/articles/2015-05-13/greece-returns-to-recession-as-bailout-impasse-drains-economy )〕〔(【引用サイトリンク】url=http://www.ekathimerini.com/168848/article/ekathimerini/business/economy-staring-at-recession-again )〕 The deterioration of economy and the deficiency of cash forced the Greek government to agree with European institutions to receive a bailout, the Third Economic Adjustment Programme for Greece known as Third Memorandum. This bailout required the Greek parliament to approve a new austerity package.
==First set of measures==
The first round of measures was approved by Greek parliament on 16 July 2015. The Greek parliament voted the ratification of the eurozone summit statement. The measures include:〔(【引用サイトリンク】url=http://www.bbc.com/news/world-europe-33535205 )〕〔(【引用サイトリンク】url=http://www.protothema.gr/economy/article/493005/ti-allazei-se-forologia-kai-sudaxeis/ )
*Transfer of many products in the high rate VAT (23%). 13% rate covers fresh food, energy bills, water and hotel stays. 6% rate covers medicines and press.
*Abolition of the VAT discount of 30% for the most touristic Greek islands, after 1st October 2015.
*Rise of tax of solidarity for incomes over 50.000€
*Corporation tax rise from 26% to 29% for small companies
*Luxury tax rise
*Rise of health contributions paid by pensioners (6% from 4% )
*End to early retirement by 2022 and a retirement age increase to 67

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