Eurogroup formally suspends next round of Greek pension cuts

Tuesday, 04 December 2018 12:20
UPD:12:21
REUTERS/YVES HERMAN
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By N. Bellos
[email protected]

Eurozone finance ministers on Monday, as expected, formally approved of a suspension of the social security reduction that was set for implementation in Greece on Jan. 1, 2019, along with countervailing measures financed by an over-performance in terms of meeting of fiscal targets.

The decision was taken at a Eurogroup meeting, with the next gathering of finance ministers set for February 2019, where pre-legislated reforms in Greece will come under creditors' scrutiny.

The approval of the two pressing Greek requests was taken without hesitation, according to reports.

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