Euro Working Group gives green light for measure to leave Greek pensions uncut to remain intact

15 November 2018
611 Views

The Euro Working Group has given the green light over the Greek government’s decision to not slash pensions, according to sources.

The same sources indicate that there was no objection to the recommendation that Greece will be able to meet its fiscal target for a primary surplus of 3.5% of GDP even without the pension cuts.

According to the reports by the Athens News Agency, the Eurozone finance ministry officials were “overall positive” to the current Euro Working Group over the Greek budget and the European Commission’s suggestion that Greece will achieve the primary surplus of 3.5% in 2019, without the need to cut pensions.

According to the well-informed source, the positive measures included in the Greek budget are in their nature growth-oriented.

According to the same source, the final decision will be taken at the December Eurogroup, where all the budgets of the Eurozone member states will be discussed together with the official recommendations of the Commission scheduled to be published on November 21st.

You may be interested

Turkey vs Greece: EU’s failure to act will trigger conflict in east Med, warns expert
SLIDE
shares19 views
SLIDE
shares19 views

Turkey vs Greece: EU’s failure to act will trigger conflict in east Med, warns expert

makis - Oct 20, 2020

And the observer, who posts regular assessments of the situation via the Greek Analyst Twitter account, suggested Turkish President Recep…

Turkey to abandon some observation stations in Syria’s Idlib
WORLD
shares26 views
WORLD
shares26 views

Turkey to abandon some observation stations in Syria’s Idlib

Panos - Oct 20, 2020

Turkey has decided to abandon some of its military positions in Syria’s Idlib province, including observation stations established under a deal with…

Greek-Turkish crisis: Oruc Reis sailing on limit of 12-mile radius of Kastellorizo
GREECE
shares37 views
GREECE
shares37 views

Greek-Turkish crisis: Oruc Reis sailing on limit of 12-mile radius of Kastellorizo

Panos - Oct 20, 2020

The Turkish research vessel Oruc Reis is sailing close to a 12-nautical-mile radius from the Greek island of Kastellorizo, along with…

Leave a Comment

Your email address will not be published.