Creditors to Greece said to have called for increases in VAT to account for 1% of GDP and pension cuts amounting to 1% of GDP as part of plan - press
- Requests also oblige Greece to avoid rolling back pension reforms or making an unilateral decisions regarding labor
- Calls for Greece to scap the low income pensioner benefit through 2016 in efforts to save €800M
- Lenders say Greece must continue to privatize, including Admie, Hellenic Petroleum, Hellenikon, some of the larger ports, OTE and Trainose
- Recommended plans allow the EFSF to provide almost €11B in support for the July-August period