Tsakalotos says pension cuts was the right thing to do

30 November 2015
55 Views

Greek Finance Minister Euclid Tsakalos claimed that cutting the pensions was the right thing to do, during his speech at Economist conference.

Mr. Tsakalotos said that the government’s choice to cut the pensions was the right thing to do adding that social security system cannot solve all problems, such as as the employment, the tax system, etc.

He also advised the countries of northern Europe to increase investments and salaries which could help northern European countries stressing within a monetary union the transfer of funds, an automatic stabilizer, from the European budget should be allowed.

You may be interested

African heatwave to hit Greece from Thursday
GREECE
shares33 views
GREECE
shares33 views

African heatwave to hit Greece from Thursday

Panos - Jun 26, 2017

Greece is bracing itself for an African heatwave starting from Thursday, when temperatures are expected to reach over 42-43 degrees…

Bloomberg: Can an Ancient Greek Win America’s Wars?
DEFENCE
shares36 views
DEFENCE
shares36 views

Bloomberg: Can an Ancient Greek Win America’s Wars?

Panos - Jun 26, 2017

It’s been a scorching week in Washington, what with daily revelations about Russian hacking, the Senate stumbling its way to…

Moscovici: Agreement is good, but a few more measures are needed…”
FINANCE
shares42 views
FINANCE
shares42 views

Moscovici: Agreement is good, but a few more measures are needed…”

Panos - Jun 26, 2017

In an interview to Thema newspaper, the European Commissioner for Economic and Financial Affairs Pierre Moscovici said there were still…

Leave a Comment

Your email address will not be published.