An interesting article! Well, the lazy country was referring to Greece, in case you were wondering :)
Not to say that I'm all for the subsidy cuts, but the government needs political will to get rid of 'bad' subsidies, minimise leakages and combat corruptions.
I really hope that PM will introduce the following in the incoming Budget 2012:
1) food and transportation coupons
2) cut personal income tax
3) cut petrol & sugar subsidies
4) gives more details on the implementation of GST and cut duties on cars & spare parts
5) cut subsidy to IPPs