Plan of targeted legislative interventions to deal with distortions and remedy injustices in order to benefit from wider social groups from the powerful fiscal and development performance of the Greek economy is implementing the government’s financial staff.

This includes the favorable regulation of agricultural debts, its freezing ‘personal difference»For 40,000 civil servants who will now receive wage increases as well as the expansion of the criteria of the out -of -court mechanism that paves the way for generous arrangements for thousands of higher income debtors.

These are the first indicative interventions included in the extended agenda of targeted measures that has been devised and implemented by the Ministry of Finance. The aim is for the fan of these initiatives to unfold in the coming months while the new increase in the minimum wage will be preceded by April 1 which will boost incomes 570,000 private sector employeesleading at the same time increase and his quotation of civil servants.

Increases in the State

The Ministry of Finance’s new provision leads to wage increases and retrospectively for 40,000 civil servants. In particular, those who have a personal difference of less than 300 euros will receive the entire increase in their salary, that is, no offsetting will occur. If they have a personal difference of 400 euros, they will receive half the salary increase, and if the personal difference is 310 euros, only 10 additional euros are offset and the balance of salary is paid. The budgetary cost of the measure amounts to € 11.6 million in 5 million euros annually in the coming years. Reports indicate that the financial staff also discusses interventions that may need to be made to address distortions related to the “personal difference” of pensioners’

Debt arrangements

With doubling income and asset criteria More debtors will be able to settings their debts Through the out -of -court mechanism with a “haircut” of 28%. It is a prerequisite for banks and services not to exceed EUR 300,000.

In particular, for one four -member family Income Criterion Integration in Regulation is now increasing in 35,000 euros from 14,000 euros. The asset to EUR 330,000 from EUR 165,000 and the deposit threshold at EUR 35,000 from EUR 17,500. “The out -of -court mechanism will also cover the middle class,” the Treasury said in a statement on the new regulation.

Red loans

The new arrangement promoted is concerned red loans and agricultural cooperatives EUR 3.8 billion. It provides for surcharges, more installments and longer debt repayment time, and leads to the release of the assets of farmers that can be used again in production. It concerns a total of 21,000 farmers and 700 cooperatives.