IMF stands by position that pending social security cuts in Greece necessary

21 September 2018
704 Views

The IMF reiterated on Thursday that a scheduled social security spending reduction in Greece, set for January 2019, will improve the country’s prospects and send a “strong message” to investors.

IMF spokesman Gerry Rice reminded reporters at a regular press briefing that the measure is not new, having been agreed to between creditors and the leftist-rightist coalition government in Athens in 2017.

In echoing the Fund’s standing position on the matter, Rice said the spending reduction will push the country towards a more growth-friendly and socially just policy, boost growth, while creating fiscal space for a further cut in taxes and welfare spending.

You may be interested

Immediate US sanctions against Turkey for S-400 system
WORLD
shares32 views
WORLD
shares32 views

Immediate US sanctions against Turkey for S-400 system

makis - Dec 04, 2020

The 2021 National Defense Authorization Act (NDAA) provides for the imposition of sanctions against Turkey for the acquisition of the…

Covid-19 Greece – 1,882 new cases on Thursday
GREECE
shares44 views
GREECE
shares44 views

Covid-19 Greece – 1,882 new cases on Thursday

makis - Dec 03, 2020

The Greek authorities announced 1,882 new cases of coronavirus on Thursday, 8 of which were detected following checks at the…

Greek Shipping Minister admitted to ICU
GREECE
shares49 views
GREECE
shares49 views

Greek Shipping Minister admitted to ICU

Panos - Dec 03, 2020

The Minister of Shipping and Island Policy, Giannis Plakiotakis, was admitted for precautionary reasons to the Intensive Care Unit of…

Leave a Comment

Your email address will not be published.