New court verdict adds to concern about impact of backpay on fiscal balance

EconomyProgramme Tags: Pensions
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

Another court decision on backpay has revived fears that in the months to come the Greek government could be facing an additional spending outlay that may threaten to derail plans to maintain a primary surplus of 3.5 percent of GDP until 2022.

The issue is back in the news after the sixth section of the Council of State deemed this week cuts to the Christmas, Easter and summer bonuses unconstitutional for serving civil servants from 2012 onwards. The verdict is not final as the seven-member p...

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