Athens sent new reform proposals to its lenders two hours before the deadline on Thursday. These are some reform proposals:
- Tax increases for shipping and railways companies;
- €300 million defence spending cuts by 2016;
- The raising of the retirement age to 67 by 2022;
- Unifying VAT rates at 23%, including restaurants and catering, scrapping tax breaks for the Greek islands;
- Phasing out solidarity grants for pensioners by 2019;
The privatisation of ports and regional airports.