Yielding to international creditors, Greece’s ruling SYRIZA-led coalition plans to make 300 million euros ($335.43 million) in more spending cuts.
Greece’s SYRIZA-led coalition reportedly has relented to more austerity measures demanded by international lenders returning for reform talks.
Bank of Greece Governor Yannis Stournaras said Greece’s economic crisis was caused by overspending and needed the austerity lenders wanted.
ATHENS – Greece’s international lenders are taking a break from bailout negotiations for the celebration of Easter, not that celebrated by the Orthodox faith. The […]
Greece’s wobbly coalition government’s fate may be in the hands of international creditors who are reviewing a plan to reform the pension system that includes cuts Prime Minister Alexis Tsipras swore he would never impose but did.
Only days after saying cutting pensions was a “Red Line,” he wouldn’t step over, Premer Alexis Tsipras relented to demands from the country’s creditors.
Bank of Greece Governor Yannis Stournaras says the government has no choice but to do the bidding of creditors and impose more austerity.
With Prime Minister Alexis Tsipras frantically trying to wiggle out of an agreement to cut pensions, the system is in such bad shape that without major reform it will be out of money in a year, the Labour Ministry’s General Secretary said.
Bank of Greece Governor Yannis Stournaras said the country can’t afford to play chicken with its international creditors and must relent again.
Greek Prime Minister Alexis Tsipras has government officials looking at some way to protect society’s most vulnerable after backtracking on promises to set up a so-called “parallel program” offering a safety net and as more pension cuts seem inevitable.