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pension cuts

Greek Government to Table Budget Draft Without Pension Cuts

Greece's Finance Minister Euclid Tsakalotos The Greek government on Monday is to table in parliament the 2019 budget draft leaving out the pension cuts that have been agreed with creditors to go into effect January 1st. According to a government source,...

Greek Pension Cuts: Decision to Be Made by December, According to EU Official

According to Eurozone officials, the decision regarding the issue of the scheduled for January 2019 Greek pension cuts will be made in December, after a full examination of Greece's budget draft for 2019. This issue is not included in the...

EU Commission on Greece's Pensions Cuts: Apply What Has Been Agreed

The European Commission has dismissed the report by the Athens-Macedonian News Agency (AMNA) that claimed that Greece's creditors have agreed to cancel the pension cuts due to come into effect in January. Commission spokesman Alexander Winterstein, asked to comment on...

Greek Pension Cuts 'Maybe Cancelled' – Report

A report by the Athens-Macedonia News Agency (AMNA) says that the pension cuts scheduled to come into effect from the beginning of 2019 maybe cancelled in agreement with Greece's lenders. The semi-official agency quotes unnamed sources saying that the "institutions...

Creditors Begin the First Post-Bailout Audits in Greece

Representatives of Greece's international creditors -- the European Union and the International Monetary Fund -- arrived in Athens on Monday for the scheduled audits of the Greek economy in the post-bailout era. The technical teams of the European Commission, the...

Greek PM Tsipras Promises Tax Cuts, Dividends and Growth in Post-Bailout Greece

Prime Minister Alexis Tsipras on Saturday announced that his administration is planning to stop tax cuts, offer more social dividends and raise the minimum wage in post-bailout Greece. The Greek prime minister spoke during the opening of the annual Thessaloniki...

Eurozone Official Says Discussion to Suspend Upcoming Pension Cuts 'Premature'

A senior eurozone official has said that the issue of upcoming pension cuts will go forward as soon as representatives of Greece's creditors go to Athens in late September for the first post-bailout inspection. The Greek government has recently stated...

Greece Sees Highest Pension Spend in EU

Greece spends the highest percentage of its GDP on pensions compared to other European Union member states, Eurostat says. Despite the fact that pensions have been slashed dramatically during the economic crisis, the Greek state continues to give a large...

Minister Admits Cuts Will Also Hit Greek Pensions Under €1,000

As elderly Greeks face losing up to €350 ($416) per month when new pension cuts are implemented as of Jan. 1, 2019 a government minister has confirmed that pensions under €1,000 will also be included. Deputy Minister for Social Security Tasos Petropoulos...

Greek Pensioners Face Losses of Up to €350 per Month in 2019 Cuts

Greek pensioners are about to lose up to €350 ($416) per month when new pension cuts are implemented as of Jan. 1, 2019. Finance Minister Euclid Tsakalotos has admitted that the new year will find Greek pensioners seeing cuts in...