Dijsselbloem agrees with IMF on need for deeper pension cuts

Eurogroup chief Jeroen Dijsselbloem has argued that deeper pension cuts are needed, in order for an agreement to be reached between Greece and its creditors.

This call for sharper pension cuts also reflects the position of the International Monetary Fund on the matter, which is linked to the sustainability of the Greek public debt.

Aside from the possibility of deeper pension cuts though, Greek officials must also negotiate the tax reform and creation of a new privatization fund, which are both essential aspects of the latest bailout agreement.