The European Commission has approved Greece’s first post-bailout draft budget without requiring the implementation of legislated pension cuts, the Greek prime minister said on Saturday.
“The European Commission approved the Greek budget without pension cuts after eight years of austerity,” Tsipras said, calling the development a “success”.
There has been no immediate comment from the European Commission.
The government has pushed for the not implementation of the austerity measure as of 1.1.2019, claiming there is enough fiscal space to avoid the measure.
Before the government can pass a legislation to abolish the “pension cuts” law approved by the Parliament last year, it will need the approval by the Eurogroup.
This could be done at the Eurogorup meeting on November 5 or a month later, early December.
