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

27 August 2018
265 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

Rubicon storms Swiss embassy
GREECE
shares22 views
GREECE
shares22 views

Rubicon storms Swiss embassy

makis - Feb 18, 2019

Rubicon stormed the Embassy of Switzerland, at Iasiou Street 2 in Kolonaki earlier this morning. According to information, the members…

Did Minister Polakis hide income or did he lie?
POLITICS
shares20 views
POLITICS
shares20 views

Did Minister Polakis hide income or did he lie?

makis - Feb 18, 2019

The exclusive report in Proto Thema on Sunday, revealing that Alternate Health Minister Pavlos Polakis was granted a consumer loan…

“Athens is one of the last cities in Europe that can still be old, weird & chaotic”
GREECE
shares902 views
GREECE
shares902 views

“Athens is one of the last cities in Europe that can still be old, weird & chaotic”

Panos - Feb 18, 2019

At a time when the mainstream narrative is all about how Greece’s ‘best and brightest’ minds have been fleeing the…

Leave a Comment

Your email address will not be published.