Raising taxes and slashing welfare spending

"Greece's last bailout expired on Tuesday and Greece missed a €1.6bn payment to the IMF.
The European Commission - one of the 'troika' of creditors along with the IMF and the ECB - wanted Athens to raise taxes and slash welfare spending to meet its debt obligations.
Greece's Syriza-led left-wing government, which was elected in January on an anti-austerity platform, said creditors had tried to use fear to put pressure on Greeks."
http://www.bbc.co.uk/news/world-europe-33413569

I wonder how raising taxes and slashing welfare spending could contribute to the recovery of the economy. In addition to this, does Greece have a lot of rich people who evade taxes? Is welfare spending in Greece too much compared with the other EU countries?

Immersing themselves in a good book

10 Ways Retirees Spend Their Newfound Free Time

"Reading. Retirees are more likely to immerse themselves in a good book than any other age group. They spend about an hour each day turning pages, about three times as much time as the typical person spends reading."

The problem is that the size of the letters(or characters) in many of the published books is too small to read. If you publish books with larger-size print, or in larger-size letters, you will make a profit.