German FinMin Scholz latest top EU official to caution against any backsliding of Greek reforms

27 August 2018
682 Views

The latest message by a top European official cautioning against any backsliding by the Greek government over agreed to reforms came on Saturday, this time issued by German Finance Minister Olaf Scholz.

In an interview published by the Athens daily “Ta Nea”, Wolfgang Schaeuble’s successor at the ministry insisted that the Tsipras government must implement another social security reform on Jan. 1, 2019, as previously agreed to with creditors and already passed into law by the country’s Parliament.

Broadly, one-third of pensioners in the country will see reductions in monthly payments; roughly half of all pensioners will receive the same payment, and 20 percent may see increases.

Asked about the prospect of the latest austerity measure being suspended, Scholz initially said he does not want to comment on speculation, while at the same time saying that Athens should not violate agreements to implement reforms, primary budget surpluses, a supervisory mechanism and the IMF’s role.

“Agreements must be met,” the social democrat minister said, adding: “it is a basis for investors and businesspeople to restore their confidence in Greece and invest in the country … Agreements are significant so that the country enters a course for viable growth, and for the debt’s sustainability to be guaranteed.”

At the same time, he praised Greek citizens for “climbing a very high mountain, they should be proud that the country can now independently plan its own economic course.”

You may be interested

Ankara blocks inspection of Turkish ship by German frigate in Libya (video)
SLIDE
shares31 views
SLIDE
shares31 views

Ankara blocks inspection of Turkish ship by German frigate in Libya (video)

makis - Nov 23, 2020

Ankara has prevented a German frigate, participating in the European Union’s “IRINI” mission, from inspecting a suspected Turkish cargo ship…

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks
WORLD
shares36 views
WORLD
shares36 views

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks

Panos - Nov 23, 2020

Jennifer O’Malley Dillon, would-be White House Deputy Chief of Staff for a Biden administration, managed Robert ‘Beto’ O’Rourke’s 2020 campaign and pushed…

The Greek island with the 235 Churches you must visit (drone video)
GREECE
shares47 views
GREECE
shares47 views

The Greek island with the 235 Churches you must visit (drone video)

Panos - Nov 23, 2020

Greece has been blessed to be sprinkled with hundreds of islands around its shores, with each offering visitors something unique.…

Leave a Comment

Your email address will not be published.