04-10-2017, 01:55 AM
The main elements in the latest agreement are commitments to reduce spending on pensions from 2019 and to collect more income tax from 2020 by lowering the tax-free threshold. Together the two measures are intended to improve the Greek government's finances by the equivalent of 2% of the country's economic activity, or GDP. To sweeten a pill that will be unpopular in Greece, the other eurozone countries agreed that Athens would be able take other measures to stimulate the economy, if the government finances perform better than expected.
Greece agrees basic terms to unlock delayed bailout - BBC News