Arab Today, arab today greece defiant on pension cuts ahead of key talks with creditors
Last Updated : GMT 12:55:55
Arab Today, arab today
Arab Today, arab today

Prime Minister Alexis Tsipras:

Greece defiant on pension cuts ahead of key talks with creditors

Arab Today, arab today

Arab Today, arab today Greece defiant on pension cuts ahead of key talks with creditors

Greek Prime Minister Alexis Tsipras
Athens - Arab Today

Greece's prime minister on Sunday said his government will not give in to "unreasonable" demands as the debt-ridden country braces for critical negotiations with international creditors on the thorny issue of pension reform.

The warning came just days after Athens got one billion euros under the terms of its third bailout programme.

The creditors -- the European Commission, the European Central Bank, the International Monetary Fund and the ESM -- finalised a third Greek debt rescue programme in August worth 86 billion euros ($94 billion) after Greece looked to be on the brink of crashing out of the eurozone.

"The creditors have to know that we are going to respect the agreement to the letter, but that doesn't mean we are going to succumb to unreasonable and undeserved demands," Alexis Tsipras told Real News newspaper.

"We have no commitment to find the money exclusively from pension cuts. On the contrary, the agreement provides the option of equivalent measures, which we have already processed," he said.

He admitted though that the pension system which is "on the brink of collapse" needs to be overhauled.

The labour ministry is working on a new social security system under which state-guaranteed pensions will be reportedly cut by half -- to a minimum of 384 euros -- and the rest will depend on a person's income and years of social security payments.

"If we don't face the problem of the social security system today, in a year we won't be able to pay pensions," the labour ministry's seniormost official, Andreas Nefeloudis, told Mega channel TV on Sunday.

Tsipras' leftist government was forced in July to back down from its anti-austerity electoral pledges and accept a three-year rescue package from its eurozone partners.

The government has since July pushed through parliament a number of unpopular bailout reforms, losing in the process part of its majority in the chamber due to defections.

In December, the government said it had established a privatisation fund and planned to sell a major stake in electricity distributor Admie, the latest reforms sought by creditors.

- 'Greece's comeback' -
Tsipras appeared optimistic for 2016 saying it "will be the year of Greece's comeback after six year in crisis."

"We will return to growth, we will put an end to the capital controls, we will reduce the debt and we will return to the markets", he said.

Greeks however do not seem to share his optimism.

According to a poll by Kappa Research for Vima newspaper on Sunday, 55.1 percent of respondents said they believed things would get worse in 2016 while 61.1 percent said a Grexit scenario would resurface.

Bank of Greece governor Yannis Stournaras meanwhile warned of the huge risks involved in case Greece fails to reach an agreement with its creditors.

"A potential failure in the conclusion of the assessment of the new bailout programme will bring back memories of the negative experience of the first half of 2015," he said in an article published in Kathimerini newspaper on Sunday.

"For a number of reasons the European Union is now more vulnerable and less capable of facing a new Greek crisis," he added.

Tsipras said the government aimed to conclude with the negotiations before the end of February.
Source: AFP

arabstoday
arabstoday

GMT 05:19 2017 Thursday ,07 September

Oil price to stay at $50-$55 a barrel

GMT 02:17 2017 Monday ,04 September

UK will not be pressured by EU timetable: Davis

GMT 20:54 2017 Sunday ,03 September

BRICS turned into pushing power

GMT 14:42 2017 Tuesday ,29 August

Qabil: challenges by Industrial sector

GMT 20:39 2017 Saturday ,26 August

Mayor calls for Petrobras privatization

GMT 14:45 2017 Thursday ,17 August

MP: government ignores citizen
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greece defiant on pension cuts ahead of key talks with creditors Arab Today, arab today greece defiant on pension cuts ahead of key talks with creditors

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greece defiant on pension cuts ahead of key talks with creditors Arab Today, arab today greece defiant on pension cuts ahead of key talks with creditors

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Saudi witnessing a remarkable growth

GMT 09:57 2017 Saturday ,23 September

Saudi witnessing a remarkable growth
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday