Nov 9 (Reuters) - Here are details of some austerity measures around the euro zone: ((For an analysis on politics in countries on the fringes of the euro zone see [ID:nLDE6A40U2]))
* FRANCE:
-- France's Constitutional Council approved President Nicolas Sarkozy's pension bill on Tuesday, clearing the last hurdle to a reform that will raise the retirement age by two years to stem a huge pension deficit.
-- The law will raise the retirement age to 62 from 60 by 2018, making people work longer for a full pension, and will raise public sector contributions to private sector levels. The reform will also raise the eligible age to receive a full pension to 67 from 65. [ID:nLDE6A81QF]
-- The budget aims to cut the public deficit to 6 percent of gross domestic product in 2011 from an estimated 7.7 percent in 2010, in the first phase of a plan to trim the shortfall to the EU's 3 percent ceiling in 2013, and 2 percent in 2014.
-- Raising the top marginal rate of tax to 41 percent from 40 percent to fund pension reforms.
-- Raising the tax on capital gains by one percentage point.
-- The end of a one-off corporate tax break in 2010 will increase revenues by 5.3 billion euros.
-- The government aims to raise some 400 million euros from the sale of property in 2011.
-- The end of fiscal stimulus measures will cut 8.2 billion euros from the deficit.
For more details, click on [ID:nLDE68S29E]
* IRELAND:
-- The Irish government side-stepped questions last Friday about when it would unveil a four-year austerity plan. [ID:nLDE6A405Z] -- It said on Nov. 4 it would push through spending cuts and tax hikes totalling 6 billion euros in 2011 to get its budget deficit under control by a deadline of 2014.
-- Finance Minister Brian Lenihan said he expected next year's adjustment, which will be weighed more on the spending side, would cut the deficit to 9.25-9.5 percent of GDP in 2011 and to 2.75-3 percent of GDP in 2014, the deadline he has agreed with Brussels to get the shortfall under control.
-- The budget deficit is set to blow out to 32 percent of GDP in 2010 due to the one-off inclusion of a mammoth bill for bailing out Ireland's banks. Excluding the bank bill, the deficit will be nearly 12 percent of GDP this year. -- Fitch cut Ireland's credit rating last month and consumer morale slumped as the cost of cleaning up its banks hit home, piling pressure on the government to bring forward the 2011 budget, the toughest on record, due on Dec 7.
* PORTUGAL:
-- Portugal's parliament on Nov. 3 approved the general guidelines of the budget bill, clearing another hurdle for a fiscal programme that aims to sharply cut the deficit.
-- Portugal has promised to cut this year's budget deficit to 7.3 percent of gross domestic product from 9.3 percent last year and further reduce it to 4.6 percent in 2011.
Here are some of the measures:
-- Cuts of 5 percent in civil servant wages and increases in taxes in an effort to save 5.1 billion euros ($6.93 billion) next year.
-- On the revenue side, the measures would add 1.7 billion euros to state coffers, or one percentage point of gross domestic product. They include:
-- Value-added tax to be raised by 2 percentage points for top level to 23 percent from 21 percent, expands on a 1 percentage point increase on all levels implemented in July. For more details, click on [ID:nLDE69C1D0]
* GREECE:
-- Greek Prime Minister George Papandreou said this month he was not bluffing about the possibility of calling snap elections and needed support for policies meant to bring Greece's deficit to under 3 percent of GDP by 2014 from over 15 percent in 2009.
-- Greece unveiled its latest austerity budget on Oct. 4. The budget targeted a deficit of 7.0 percent of GDP in 2011, from a projected 7.8 percent in 2010 and below an initial 8.1 percent target under a baseline IMF/EU scenario.