Regling: No enough fiscal space to fully cover suspension of next round of Greek pension cuts
European Stability Mechanism (ESM) Managing Director Klaus Regling on Tuesday again dampened the poll-trailing Tsipras government’s hopes of eventually avoiding a pre-legislated social security reduction next January, saying that “fiscal space” generated from this year’s budget execution is not enough to fully cover a suspension of the austerity measure.
Speaking at a press conference in Luxembourg, Regling added that no decision has yet been taken over Athens’ pressing request to suspend the next round of pension cuts, merely noting other proposals are being discussed, without offering details.
At the same time, the head of the Eurozone’s emergency fund said there is no urgent need for thrice bailed-out Greece to return to the markets for its sovereign borrowing, saying the country could wait for up to two years.
You may be interested
Coronavirus Greece: Explosive rise with 865 new cases, 331 in Attica & 181 in Thessalonikimakis - Oct 21, 2020
The Greek authorities announced today 865 new cases of coronavirus in the country, of which 82 are associated with known…
The Greek Armed Forces on high alert (photos)Panos - Oct 21, 2020
The Greek Armed Forces are sending a clear message completing the large-scale diplomatic counterattack of Greece against Turkey, with the clear objective…
Oruc Reis Navtex to be extended, Turkish newspaper reportsPanos - Oct 21, 2020
According to the pro-Erdogan newspaper Yeni Safak, the Navtex for research vessel Oruc Reis will be extended. “Oruc Reis continues its investigations, heading…