Wait and see, lenders tell Greece on bid to rescind pension cuts

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Wait and see, lenders tell Greece on bid to...
 © CyprusMail 2018
A bid by Greece to rescind pension cuts mandated for next year remains on hold after its international creditors withheld instant approval during their first post-bailout inspection of the country’s finances, which ended on Friday.

Greece emerged from the biggest economic rescue in history in late August after almost nine years of austerity. It still owes billions, and remains under monitoring by the European Union and International Monetary Fund to ensure it does not deviate from fiscal targets.

Government data released on Friday showed it easily beat its...


This article was automatically added to our system 14-9-2018

Wait and see, lenders tell Greece on bid to rescind pension cuts


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Article Tags: lenders, greece, rescind, pension,

 

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