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Tag Archives: pensions

IMF report: Greece’s debt ‘highly unsustainable’, cut pensions, tax increases for the poor

‘Greek public debt is highly unsustainable, the International Monetary Fund said in a report to be discussed during a board council meeting in Washington later today. The report, exclusively presented by Athens News Agency, said that the Greek economy faced four challenges. The country’s public debt was highly unsustainable the …

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Schaeuble and IMF’s Thomsen agree to increase pressure on Greece

German Finance Minister Wolfgang Schaeuble and the International Monetary Fund finally agreed on the Greek debt issue. However what they agreed upon is not what Greece would like to expect. Schaeuble and the IMF’s responsible for Europen Poul Thomsen agreed to a common hard-line, that translates into to increase pressure …

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45% of Greece’s pensioners live below poverty line

45% of Greece’s pensioners live below the poverty line. They receive monthly pensions below 665 euro gross. The data has been released by the Greek Pensioner’s Network and shows the dramatic situation in which 1.2million pensioners experience after the repetitive cuts and hikes for health contributions. Unions stress that 13.7% …

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IMF shocks! Thomsen wants Pensions cuts €7.5-€9.5bn

The International Monetary Funds wants additional austerity measures in order to secure 3.5% Primary Surplus – of the usual wrong IMF projections. The IMF Director for the European Program, Poul Thomsen wrote his thoughts about a Workable Program for Greece and uploaded them on the IMFBlog. Poul Thomsen demands additional …

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First round of Review Talks: Creditors – Greece 0-0

Representatives of Greece’s creditors had a 3-hour meeting with Greek officials top officials Finance Minister Tsakalotos, Labor Minister Katrougalos and Economy Finister Stathakis in the first round of negotiations. Protagonist in this today’s meeting was Labor Minister Giorgos Katrougalos as the issue of social security contributions was top on the …

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