IMF requirement leads to a 17% cut in primary pensions

The government will try to have the social security reform evaluated separately

Commissioner Pierre Moscovici’s timetable for completing the negotiations at the end of March complicates Greek government’s plans that is in a hurry to close the open issue of social security reform by the end of February.

According to a top executive, the Ministry of Labor will try to have the social security reform evaluated separately and not to be linked to the tax reform and other issues included in the negotiation talks.

The delay is estimated that gives the opportunity to the lenders to raise new claims, while executives of social security reform estimate that the claim for additional fiscal measures up to 5 billion euros in pensions mean horizontal reductions by 17%.