Greek pensions: The thorniest issue in talks between Athens and lenders

EconomyProgramme Tags: Pensions

As Greece and its lenders make a new push to conclude negotiations that could secure more bailout funding, it is certain that the country’s pension system will prove one of biggest obstacles to a deal.

Following requests by Greece’s creditors, the previous government passed legislation that would lead to a reduction in supplementary pensions by introducing a zero deficit clause that would prevent the state from subsidising these payments.

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