PASOK government whose first action — revising the 2009 budget deficit from Karamanlis-government 6% estimate to 12.7% (eventually 15.4%) on Eurostat reconciliation — ignited the Greek and euro-area sovereign crisis. Economic school: forced centre-left austerity under EU-IMF-ECB troika Memoranda. Signature actions: First Memorandum (May 2010 €110bn, fiscal measures ~16% GDP) — VAT 19%→23%, minimum-wage freeze then cut, public-sector headcount freeze, reduction of 13th/14th-month salaries for civil servants, pension-age rise to 65 equalised across sexes, collective- bargaining decentralisation; Medium-Term Fiscal Strategy (Jun 2011) adding €28bn consolidation; Second Memorandum Oct-Dec 2011 envelope (finalised Feb 2012 with €130bn + PSI); wide privatisation programme HRADF launched. Oct 2011 Cannes-eve referendum announcement on the Second Memorandum — withdrawn within days under EU pressure, precipitating Papandreou's resignation (Nov 2011) and the Papademos national-unity government. Left-right: centre-left PASOK with forced orthodox-consolidation stance. Popularity: PASOK 43.9% / 160 seats Oct 2009, collapsed to 13.2% in May 2012; Papandreou personal approval fell from ~60% to <15%. Coherence: moderate — ambitious measures enacted, but referendum proposal and public-sector implementation capacity undermined the programme.
Policy-content fingerprint — how the framework codes this movement on its axes
Size of cash and near-cash transfer programmes (unemployment benefits, means-tested assistance, universal child benefits). Architecturally distinct from forced-saving schemes — see condition welfare_architecture.