Tsakalotos says pension cuts was the right thing to do
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
Regling: “We are ready to ease the Greek debt”makis - Feb 23, 2018
Technical work has begun to determine whether Greece will need a debt relief after an expected exit from the rescue…
Turkey threatens violence against Italian drill ship anew in Cyprus!makis - Feb 23, 2018
Turkey continued its belligerent stance off the coast of Cyprus on Friday, as it openly threatened violence against the Italian…
Greek PM Tsipras met with German Chancellor Merkel on EU Summit sidelinesmakis - Feb 23, 2018
Greek PM Alexis Tsipras met with German Chancellor Angela Merkel on the sidelines of the Brussels EU Summit, Thursday. According…