Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap

EconomyMacroeconomy Tags: Budget, ESM, Eurogroup, Pensions
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Comments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts.

Speaking to journalists in Luxembourg on Thursday, Regling welcomed the fact that Athens presented a draft 2019 budget with two scenarios, adding that this created a good basis for discussions. However, he noted that the volume of the excess surplus was...

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