• Αναζήτηση
  • Merkel close to supporting conditional annulment of pension cuts

    In order to secure Berlin’s support on the pension issue, Athens must commit itself to not canceling any other reforms agreed to with creditors in the future.

    epa06880503 Germany's Chancellor Angela Merkel and Greek's Prime Minister Alexis Tsipras (R) during Nato Summit in Brussels, Belgium, 11 July 2018. NATO member countries' heads of states and governments gather in Brussels on 11 and 12 July 2018 for a two days meeting. EPA/OLIVIER HOSLET

    German Chancellor Angela Merkel is reportedly very close to conditionally supporting Athens in its quest to scrap legislated pension cuts.

    According to a report in the Athens daily Kathimerini, the German Chancellor has already made known her position to back Alexis Tsipras, ahead of the next Eurogroup.

    That support will be offered with very specific conditions.

    The first precondition set by Berlin is reaching the 3.5 percent primary surplus target in 2019.

    Merkel, like other European partners, is keen on Greece fulfilling its obligations, straight on the heels of the completion of the last bailout programme.

    The second precondition is that in order to secure Berlin’s support on the pension issue, Athens must commit itself to not canceling any other reforms agreed to with creditors in the future.

    As the report indicates, Merkel’s apparent shift is not linked only to the Greek economy. The Chancellor wants no further unrest in the eurozone, given the economic situation in Italy.

    Sources say that the pension cuts issue is expected to be formally decided at the November Eurogroup meeting.

    English Edition
    One Channel
    Ο νέος ενημερωτικός τηλεοπτικός σταθμός της Ελλάδας
    Σίβυλλα
    • Έντυπη έκδοση Οι σαμπάνιες του τσάρου… Η τεράστια ψάθινη καπελίνα με την υπογραφή Eugenia Kim παρασύρθηκε από τους ισχυρούς ανέμους οι οποίοι έπνεαν στα τουρκικά... ΣΙΒΥΛΛΑ
    Helios Kiosk