More than 3.3 million citizens like pensioners and low-income households will see their income being reduced as the bailout imposed cuts in welfare benefits will reach 60%, cuts in main pensions 6% and cuts in supplementary pensions 28%.

In technocrats sheets, the spending cuts will reach 2% of GDP and in real numbers 3.6 billion for the years 2015 and 2016. Cuts in pensions should be 0.25% – 0.5% of GDP in 2015 and 1% of GDP in 2016.