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Athens News Agency: News in English, 07-11-14

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Government outlines plans for mild reform of pension system

  • [01] Government outlines plans for mild reform of pension system

    The Greek government will take a mild approach to reforming the country's pension system, Employment Minister Vassilis Magginas said on Wednesday.

    Speaking to reporters after an inner cabinet meeting chaired by Prime Minister Costas Karamanlis, the Greek minister said a planned reform of the social insurance system aimed at "reversing injustices, distortions and excesses of the system in a mild manner. Our aim is to have a viable, fair and modern pension system to serve the real interests of pensioners and new workers".

    Economy and Finance Minister George Alogoskoufis, speaking to reporters, said he briefed the Prime Minister on the results of Eurogroup and ECOFIN meetings in Brussels and particularly European Commission's autumn forecasts for the European and Greek economies.

    Alogoskoufis underlined that the Commission forecasts high growth rates in Greece and noted that a fiscal consolidation effort will achieve the goals included in a 2008 draft budget. Commenting on the likely impact of an economic slowdown in the US and the global economy, Alogoskoufis said the slowdown will have only limited effect on the European economy.

    Development Minister Christos Folias, commenting on a memorandum of cooperation signed between Public Power Corporation and Germany's RWE said the government did not plan the privatisation of the electricity utility.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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