(15 Reasons) Why The Greeks Will Say No To Eurozone Deal

1. Income tax threshold would be lowered from €12,000 (£10,300) to €5,000 (£4,300) 


2. Retirement age would be raised from 61 to 65 


3. VAT would rise from 19 to 23 per cent 


4. Higher property taxes 


5. Monthly pensions above €1,000 (£860) would be cut by 20 per cent 


6. Excise on fuel, cigarettes and alcohol would rise by a third 


7. To qualify for a full pension people would be required to complete 40 years work 


8. Retirees aged under 55 would lose 40 per cent of their pensions over €1,000 (£860) 


9. Public sector wages would be cut by 20 per cent 


10. Employees of state-owned enterprises would have their wages cut by 30 per cent 


11. A cap would be introduced on wages and bonuses 


12. 30,000 civil servants would be suspended on partial pay 


13. All temporary contracts for public sector workers would be terminated. 


14. Just one in 10 civil servants retiring this year would be replaced 


15. New levies on household incomes of between one and five per cent