Athens prepares 2019 draft budget amid pension cuts dilemma

EconomyProgramme Tags: Budget, Eurogroup, Pensions
Finance Ministry
Photo by MacroPolis

The Greek government is set to take the next step in its efforts to call off next year’s pension cuts, when it submits the draft 2019 budget but finds itself in a delicate balancing act between domestic political pressures and the creditors’ concerns.

The draft budget is due to be submitted to Parliament on Monday. Given that the discussion with the institutions over next year’s reduction to pension spending has not been concluded yet, there is a high probability that Athens will have to include the ...

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