IMF: Cut old age pension and social welfare
In its sixth review of the bailout, the IMF also suggested the means testing of medical cards and other state supports and a radical reform of third-level education by linking college fees to the costs and earnings potential of particular courses.
It also recommends the Government raise €1bn by introducing a property tax levied at a rate of 0.5% on the value of a house. That rate would see homeowners with houses worth €200,000 facing annual bills in the region of €1,000.
