Athens moves quickly to scrap pension cuts as Eurogroup inches forward on euro reform

EconomyProgramme Tags: ESM, Eurogroup, Pensions

The Greek government wasted no time following the conclusion of the Eurogroup on Tuesday, as it submitted to Parliament draft legislation that will lead to the pension cuts that had been lined up for next year being cancelled.

Eurozone finance ministers gave Greeceā€™s 2019 budget the green light after a meeting in Brussels that lasted much longer than usual (19 hours, according to some) because of the complicated discussion regarding reform of the single currency.

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