Athens edges towards compromise on pension cuts but may have to plug fiscal gap

EconomyProgramme Tags: Budget, MoF, Pensions
Photo by MacroPolis
Photo by MacroPolis

It appears that the institutions are set to grant the Greek government’s request regarding the cancellation of the pension cuts that were due to kick in next year, but reports suggest that Athens and its lenders may still need to agree on a way to bridge an apparent fiscal gap in 2019.

Reports in the Greek media over the weekend suggested that the institutions, including the most sceptical of the lenders, the International Monetary Fund, have agreed that Athens will not have to cut pension spending by 1 percent of GDP from January nex...

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