The representatives of the Finance Ministries of the eurozone countries appeared positive on the non-implementation of the pension cuts measures in Greece during Thursday’s meeting of the Euro Working Group, state news agency amna reports.
The Greek side briefed the EWG on its intention not to proceed with the further 1 percent cut in pension, a measure decided in 2017 as ‘a measures of emergency’.
Greece with European Commission and European Central Bank’s support argued that the primary surplus 3.5 pct target will be met without the pension cut, which if applied, will lead to more inequality.
According to the same finance ministry sources, the state-members agreed with Greece in the need to strengthen the growth and appeared ‘positive’ to the non-implementation of the cuts in pensions.
However, the final decision was not taken as some state members must have their parliaments’ approval.
Germany and Finland reportedly cited their parliaments approval, while the representative of Slovakia raised clear reservations towards a non-implementation of the pension cuts.
The issue in on the agenda of the extraordinary Eurogroup meeting that will be held on 19 November.
