Quartet-Katrougalos meeting in progress
The meeting between Greece’s creditors (Quartet) and the country’s Labour Minister George Katrougalos is in progress in Athens, Thursday, in an effort to reach a deal on matters of reforms in the social security system.
According to sources in the Greek Ministry, the two sides are close to agreeing on the rate of a national pension, while the cuts in ancillary pensions still remains a matter of contention.
The Greek side argues it cannot go below a 40 percent slash in ancillary pensions with a 1,400 Euro monthly safety net.
The IMF is insisting on a zero budget deficit clause, with the Greek side proposing a sustainability clause that could cover any deficits through the selling of public assets. Greece’s lenders are reportedly tabling new issues like setting the widow pension level at 57 years old.
The Quartet is scheduled to meet later Thursday with Greek Minister of Productive Reconstruction, Environment and Energy.
You may be interested
Coronavirus Greece: 1,606 new cases, 781 intubatedmakis - Apr 12, 2021
Greek authorities announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 1,606, of which…
US: There will be costs if Russia acts against UkrainePanos - Apr 12, 2021
U.S Secretary of State Antony Blinken on Sunday said: “it would be a serious mistake” for China to strike at…
Kikilias: The plan is for vaccinations of healthy people in their 40s to begin in JunePanos - Apr 12, 2021
If everything goes according to plan and deliveries for the second quarter are made on time, vaccinations of healthy people…