First austerity package (Greece)
| First austerity package | |
|---|---|
 | |
| Hellenic Republic | |
| Territorial extent | Greece |
| Enacted by | Hellenic Parliament |
| Introduced by | Government of Greece |
| Status: In force | |
The First austerity package was the first in a row of countermeasures of the Greek government to counter the Greek government-debt crisis. It was approved by the Hellenic Parliament in early 2010.
The first austerity package was a minor austerity package in order to limit the deficit. This event was preceded of the First Economic Adjustment Programme for Greece known as momerandum. It emerged after the promise of the Greek prime minister in the World Economic Forum of Davos, Switzerland.[1] He promised that he would take some measures so that the deficit was cut. The package was implemented on 9 February 2010 and was expected to save €0.8 billion; it included a freeze in the salaries of all government employees, a 10% cut in bonuses, as well as cuts in overtime workers, public employees and work-related travel.[2]
See also
- Second austerity package (Greece)
- Third austerity package (Greece)
- Fourth austerity package (Greece)
- Fifth austerity package (Greece)
- Sixth austerity package (Greece)
- Seventh austerity package (Greece)
- Eighth austerity package (Greece)
- Ninth austerity package (Greece)
- Tenth austerity package (Greece)
- Twelfth austerity package (Greece)
- Thirteenth austerity package (Greece)
References
- ↑ "No EU bailout for Greece as PM promises to 'put house in order'". theguardian.com. Retrieved 24 July 2015.
- ↑ "Πάγωμα μισθών και περικοπές επιδομάτων ανακοίνωσε η κυβέρνηση" [Government announced cuts and a freeze in salaries]. enet.gr. 9 February 2010. Retrieved 14 August 2011.