'Quartet' demands early pensions end 'yesterday'!

Greek negotiating team under great pressure

Pressure is mounting on the Greek government, as representatives of the Quartet- ECB, IMF, EC and ESM- are demanding for another round of prior actions. More specifically, even before formal negotiations start, the tough technical team of the institutions want the Greek government to pass a bill including the abolition of early pensions within the first ten day of August. The Quartet asked for the increase in of retirement age limits to take retroactive effect from July 1 instead of January 1 2016. The Greek Employment Ministry has initially rejected these demands, but it is doubtful, whether they will be able to defend their ‘red lines’ given the dire state of the Greek economy.