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Thursday, 25 February 2016

Greece will not cut pensions again to meet EU/IMF demands

From Reuters, 25 February

Kathimerini report

See posting of 5 February on Pensions Reform

Other news - The Guardian -Europe braces for major 'humanitarian crisis' in Greece after row over refugees

eKathimerini - The Greek crisis as a source of inspiration

Greek agriculture and the EU – inconvenient truths

Update, Kathimerini, 10 March 2016 - "Katrougalos opens door to pension reductions"

"The Labor Ministry is now set to adopt an alternative plan that will see significant cuts to auxiliary pensions. Speaking to Sto Kokkino FM Thursday, Katrougalos suggested that anyone earning more than 1,300 euros per month in total from their main and supplementary pensions would face a reduction. “There will be no cuts to main and auxiliary pensions that add up to less than 1,300 euros,” he said. “We guarantee that, no matter what.” Sources told Kathimerini that the ministry’s plan could see supplementary retirement pay being slashed by as much as 20 percent. There is also a possibility that this could affect auxiliary payments below 170 euros a month".

Pension cuts or tax increases? eKathimerini, 24 March 2016

Pensions demonstration, circa 1964:

Update, August 2016, KTG - Shock at the ATM: Thousands of supplementary pensions undergo cut by 21%-46%

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