A look at Greece's austerity measures

AP News
Posted: Feb 14, 2012 8:25 AM
A look at Greece's austerity measures

Greece's international creditors have spelled out the austerity measures promised by Athens that have to be put into practice before it can receive new bailout cash, totaling more than euro2.5 billion ($3.31 billion).

Those budget cuts include:

_ euro1.076 billion ($1.43 billion) to be cut from the country's pharmaceuticals spending

_ euro300 million ($397 million) in military budget cuts

_ euro270 million ($358 million) to be slashed from regular government expenditure and election-related budgets

_ euro190 million ($251 million) to be trimmed from subsidies to people living in remote areas

_ euro400 million ($530 million) in public investment budget cuts

_ euro300 million ($397 million) in budget subsidies to pension funds