Moscovici: Creditors waiting for draft 2019 budget, fiscal numbers before deciding on pension cuts
European Union Commissioner Pierre Moscovici told Bloomberg TV on Thursday that the Tsipras government’s pressing request to avoid a pre-legislated social security reduction – set for January 2019 – will be carefully examined.
Moscovici, amongst Athens’ most vocal supporters in Brussels, said European creditors must first carefully review the draft 2019 budget, the level of the primary budget surplus that the Greek state posts, as a percentage of GDP, as well as the fiscal surplus, before deciding.
At the same time, he said that since the country has exited the third memorandum, it is free to determine its fiscal policy, and may want to proceed with certain “social measures”.
You may be interested
Greek Resort named top “World’s Leading Luxury Green Resort”Panos - Dec 01, 2020
Sani Resort in Kassandra, Halkidiki gained the top spot as the “World’s Leading Luxury Green Resort” at the World Travel…
Greeks pay over half a million euros in Covid-19 fines in a dayPanos - Dec 01, 2020
Greeks were fined a total of over half a million Euros for violating Covid-19 measures following intensive police inspections on…
Hellenic Civil Aviation Authority extends Covid-19 directives until December 7 and 14Panos - Dec 01, 2020
The Hellenic Civil Aviation Authority (HCAA) extended the Covid-19 directives for domestic flights until Monday 7 December 2020 and for…