Greece
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pension cuts

Greek Parliament Votes on Cancellation of Pension Cuts

The Greek Parliament will vote on Tuesday to decide the issue of the pension cuts which were scheduled to come into force on January 1, 2019. Speaking of the E.U. promise that the cuts will not be needed, Greek Prime Minister Alexis...

Greek Parliament To Vote on Reversing Pension Cuts Next Week

The proposed law which includes an amendment to block the already-legislated cuts to pensions in 2019 will be tabled and voted on in the Greek Parliament by next week. According to state-run news service AMNA, the vote is likely to...

No Need to Cut Pensions, Says EU Commission Vice President

Greece will meet the 3.5 percent primary surplus target for 2019 and therefore no pension cuts will be needed, said European Commission Vice President Valdis Dombrovskis on Thursday. He spoke in response to a question posed by the Greek Member...

EuroWorking Group Suggests Greece Can Meet Targets Without Pension Cuts

The "EuroWorking" group, an advisory body to the Eurogroup of the European Union, was ''broadly positive" on Thursday regarding the Greek state budget and the European Commission's suggestion that Greece can meet the 3.5 per cent primary surplus target...

Greece and European Commission Close To Agreement on Pension Cuts

The European Commission is nearing an agreement with the Greek government to approve Greece's draft budget for 2019, European sources said on state-run A.M.N.A. on Monday. The draft budget review is a process to which all Euro-zone countries must submit. In...

IMF to Greece: Implement Agreed-Upon Cuts

The necessity of the implementation of cuts already agreed to by the Greek government, including pension cuts and the lowering of the tax-free income threshold, was reiterated by the International Monetary Fund’s spokesperson in Washington. Gerry Rice said that it...

EU: Decision on Greek Pensions Expected in Mid-November

The decision on whether Greece will have to implement previously agreed-upon pension cuts will likely be made in mid-November, according to a report on Friday by Greek daily Kathimerini, quoting a senior EU official. The official said an additional Eurogroup...

Regling: 'Not Enough Fiscal Space To Cancel Greece's Pension Cuts'

Klaus Regling, chief executive officer of the European Financial Stability Facility and Managing Director of the European Stability Mechanism (ESM), said in an interview on Tuesday that even though Greece will achieve a high primary surplus for 2018, this...

IMF on Greece: 3.5 pct Primary Surplus, No Pension Cuts Postponement

The International Monetary Fund (IMF) released its renewed Fiscal Monitor for October. There, the fund revised Greece’s 2019 growth rate upwards and accepted that it made a mistake regarding the last year's Greek primary surplus. The IMF had predicted that Greece...

Greece Tables Two Versions for 2019 Budget

The draft budget for 2019 was tabled in the Greek Parliament on Monday in two versions: One without pension cuts and one with pension cuts. The document will be uploaded on the House's web page, and will be submitted to...