This austerity plan is crap and is going to aggravate the problem. It's like using leeches to cure sickness, it only makes the problem worse.
When the economy is bad, that's when government have to inject money and subsidize their citizens so they can live through it. When the economy gets better and is growing, that is the moment where you pay your debts and you make savings. It's the whole point of a government, it's to serve, protect and help their citizens. If the economy is booming, government help can be superfluous, since people can make it by themselves with the tons of opportunities. But when the country is in crisis, the government has to back you up. Now, because they're cutting everywhere, they have judges who work 1h a day, tons of unemployed people and a population without any hope. It's the perfect formula for an armed revolution.
You cannot manage a country like you manage a business, but sadly, that's what they're trying to do.

I'm not even going to attempt to point out all the sophistry and idiocy in it.