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pension cuts

Greece Cuts 200,000 Supplementary Pensions by 40%

A new ministerial decree posted on state website Diavgia on Tuesday night calls for cuts of up to 40 percent on supplementary pensions for 200,000 pensioners. The decree was signed by Deputy Labor Minister Tasos Petropoulos and is published in...

Eurogroup President Asks Greece to Accept Deeper Pension Cuts and Create a New Privatization Fund

Dutch finance minister and Eurogroup president Jeroen Dijsselbloem told European Parliament that Greece needs sharper cuts in pension benefits and a new privatization fund to secure the loans provided to the country by its European partners. Regarding pensions, Dijsselbloem adopted the...

Protesting Greek Farmers Raise the Stakes

As the Greek government appears determined to go forward with its proposed plan for the reform of the nation's ailing pension system and to increase taxes, more farmers are joining protests and taking part in blockades, thereby raising the...

Hope Has Turned to Despair One Year After Syriza’s Historic Rise to Power

“Hope begins today” was the message that the current Greek Prime Minister Alexis Tsipras sent to the Greek people when his Coalition of the Radical Left (SYRIZA) party won the national elections held a year ago, on January 25th...

Government Minister Seeks to Reassure Angry Greek Farmers Pension Reform is Beneficial

As the country is at present in the grips of strike over the government’s plan to proceed with further cuts in pension benefits and impose additional austerity, senior level government officials are pulling all the stops to reassure angry...

IMF Stance on Pension Reform Irks Greek Finance Minister

In a press conference, Greek Finance Minister Euclid Tsakalotos expressed his displeasure with the IMF’s stance on the Greek government’s plan for pension reform. Tsakalotos stressed repeatedly that leaks to the press about the IMF’s alleged rejection of the pension...

Greek Government Agrees to Hold Discussions with IMF Over Pension Reform

  Tsipras’ Syriza-led government has done more somersaults since it came to power than an acrobatic gymnastics team in Olympic competition. Take for example its stance on the IMF and the so-called Troika in general. First, Tsipras and his lieutenants promised...

Greek Labor Minister Admits Cuts on Supplementary and High Pensions

Labor Minister Giorgos Katrougalos admitted on Thursday that there will be cuts on supplementary and high pensions. Katrougalos spoke to realfm radio and stated that it is impossible not to have any pension cuts because the bailout agreement requires a...

FT Journalist Spiegel Caught Juncker Lying About Greece

Financial Times journalist Peter Spiegel hastened to comment on the press conference Jean-Claude Juncker gave Monday saying that it is not true what the European Commission President said about pension cuts in Greece. Through his personal Twitter account, Spiegel accuses Juncker of...

Tsipras: Either They Do Not Want an Agreement or They Serve Special Interests in Greece – Full List of Counterproposals

"Either they do not want an agreement or they serve special interests in Greece," Prime Minister Alexis Tsipras said to his colleagues, shortly before departing for Brussels. The Greek prime minister was referring to the insistence of the International Monetary...