The new financial measures to cabinet

Finalized Wednesday in the cabinet package of new economic measures.
To cut wages 14 are two scenarios. Cut 35% by the gift of Easter, 35% bonus of summer leave and 30% by the gift of Christmas. The second scenario is cut 30% gift for Christmas, Easter and summer leave.

With the increase in VAT, provision for adaptation of 9 to 10% and 19% to 21%.
After the cabinet meeting, Prime Minister George Papandreou will inform the President of the Republic Karolos Papoulias, while the government representative will brief reporters.
They will then meet with the presidents of GSEE, ADEDY of GSEVEE, the National Confederation of Greek Commerce (ESEE) and BSE.
On Tuesday, Prime Minister told the PASOK Parliamentary Group noted the risk that the public-have-to pay salaries and pensions in the coming months.
"If you behave irresponsibly in danger of not having to pay not the 14th salary, but the sixth or retirement. It may sound paranoid, but it is true" he said.
"This is not to let the country sink. The government is now five months gives daily battle everywhere. The battle is to save the country in which things have reached their limits" he said.
"We struggle constantly with time to keep the economy alive. If we are unable to borrow under the same conditions, the consequences will be more devastating, we must prevent this disaster," he said.
As he explained, "Our creditors do not give us another year because the financial crisis worldwide has led all countries in deficits and find them more creditworthy customers."
The prime minister did not mention specific measures to be announced Wednesday, but said that "we must take tough, tough decisions" and not a choice but a necessity.