Arab Today, arab today greece defiant on pension cuts ahead of key talks with creditors
Last Updated : GMT 13:33:47
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

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 Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 11:45 2017 Monday ,20 February

Abu Dhabi Aviation looks forward

GMT 06:28 2017 Saturday ,18 February

Gives priority to security over elections

GMT 22:38 2017 Friday ,17 February

Investment promotion would be Sahar Nasr's main task

GMT 13:17 2017 Wednesday ,15 February

Yemeni accuses militias of challenging oil

GMT 09:12 2017 Saturday ,11 February

Algorithms: the managers of our digital lives

GMT 09:07 2017 Saturday ,11 February

The biggest players today on Wall Street? Algorithms
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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