Eurozone Shoots Down Tsipras’ Hopes to Stop Pension Cuts

FILE - Greek Prime Minister Alexis Tsipras looks out from his car window as he arrives for an EU summit at the EU Council building in Brussels on Friday, Dec. 15, 2017. (AP Photo/Olivier Matthys)

ATHENS – Prime Minister and Radical Left SYRIZA leader Alexis Tsipras’ plans to back off more pension cuts due to kick in on Jan. 1, 2019 have been rejected by Eurozone officials among the country’s creditors.

A senior Eurozone official, who was not identified, told Kathimerini that there will be no talk at a Sept. 6 meeting of its its Eurogroup of letting Tsipras stop the cuts to which he agreed as part of austerity measures and that it would be reviewed only when the lenders’ envoys come back to Athens for a review of reforms with three bailouts of 326 billion euros ($379.86 billion) having ended on Aug. 20.

“Any such discussion is premature,” the Eurozone official stated, adding that there is an agreement for a primary surplus of 3.5 percent of Gross Domestic Product, which, if met, means the cuts could be halted, but “I do not know whether they will be needed when the economic cycle changes.”

Tsipras’ constant claims ahead of the bailouts end there would be a “Clean Exit,” were also dashed as the lenders the economy and government will need reviews for years to make sure fiscal targets are hit and that there’s no reneging on them the way he did to voters, breaking anti-austerity pledges.
Tsipras is trailing the party he unseated in 2015, the New Democracy Conservatives, after constantly breaking his promises to help workers, pensioners and the poor and to put a 75 percent tax on the rich, crush the oligarchy and rein in tax cheats.

1 Comment

  1. Apparently, surrendering the sovereignty of Greece to the EU and Nato led United States….for 30 pieces of Silver …and complying with the carjacking of the assets and culture of Greece….. is not enough for Mr. Tsipras!

    Even, the turnover of the Macedonian Culture to FYROM and complying with the Narrative and script of the State Department of the United States…to incite hostile relations with Russia by false flag accusation …is still not enough! Maybe the Turks , have it right….that the military soldiers , who escaped to Greece, in the unsuccessful coup of Turkey…were actually …C.I.A collaborators…who the U.S ordered Mr. Tsipras to give Safe Haven!

    An investigation into the affairs and contacts of Mr. Tsipras should be initiated ….and an independent council and prosecutor like Mr. Mueller…looking into collusion and meddling of foreign countries with Donald Trump is completely appropriate….. and leading to charges of Treason…in accepting a bailout package, unapproved by the people of Greece….which now enslaves Greece and it’s ability to grow and be sovereign ever again!

    Greece, like it or not, is at war, and has been occupied again, no different than the Nazi’s of Germany in WW 2, except this time …the Nazi are sitting in Brussels and Washington! Tsipras and his government are simply …. collaborators in this occupation!

    It is despicable to think….that he is going to cut Pensions again…which are already below subsistence levels!

    Snap elections….need to be imposed ….and complete cleanup of a corrupt government …that has betrayed not only Greeks of today….but our historic ancestry!

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