Stability cannot exist without a new pension system, says FinMin Tsakalotos

26 January 2016
636 Views

“Without a new pension system, we cannot have stability,” Finance Minister Euclid Tsakalotos on Monday said during a book presentation in Athens.

Tsakalotos pointed out that he has a duty as a Finance Minister to contribute to a stable economy through income redistribution and widely expanded tax base. He added that in his recent meetings with the six finance ministers of the eurozone at the Eurogroup, he told them that Greece cannot tolerate any further reduction in pensions, as they have already been cut eleven times.

“Pensions in Greece often correspond to family income,” he explained to his counterparts, because an entire family in Greece may live on a pension.

You may be interested

Mystery titanium ball found in Bahamas from space
WORLD
shares16 views
WORLD
shares16 views

Mystery titanium ball found in Bahamas from space

Panos - Mar 01, 2021

A heavy titanium ball, believed to have been a part of a Russian spacecraft, has been discovered on a beach…

Greek government spokesperson resigns
GREECE
shares19 views
GREECE
shares19 views

Greek government spokesperson resigns

Panos - Mar 01, 2021

The Greek government spokesperson, Christos Tarantilis submitted his resignation in a letter to the Prime Minister, Kyriakos Mitsotakis on Sunday.…

Video shows Turkish President Erdogan supported as he walks down stairs
GREECE
shares21 views
GREECE
shares21 views

Video shows Turkish President Erdogan supported as he walks down stairs

Panos - Mar 01, 2021

A video showing Turkish President Erdogan Turkey being supported as he tries to walk down a flight of steps with…

Leave a Comment

Your email address will not be published.