The latest "spin" out of Athens regarding the Tsipras government's stepped up attempt to avoid already pre-legislated pension cuts, set for implementation on Jan. 1, 2019, came on Tuesday morning, with a "high-ranking government official" claiming that not only will the measure be suspended but that countervailing state spending will be higher, by 765 million euros.
The statement, attributed to the anonymous source, was disseminated by the state-run news agency, which added that that the agreement with creditors was finalized last week.
A meeting of finance ministry officials representing Eurozone members is expected to convene before a Nov. 15 Euro Working Group session to focus exclusively on the Greek issue.
