No change in IMF opin­ion on pen­sions

Kathimerini English - - Focus - EIRINI CHRYSOLORA

The In­ter­na­tional Mon­e­tary Fund has shown no in­di­ca­tion that it has changed its po­si­tion re­gard­ing the need for planned Greek pen­sion cuts set to come into force in Jan­uary 2019, ac­cord­ing to an an­nounce­ment by Greece’s Fi­nance Min­istry on Min­is­ter Eu­clid Tsakalo­tos’s meet­ing with IMF Manag­ing Di­rec­tor Chris­tine La­garde and the Fund’s Euro­pean De­part­ment chief Poul Thom­sen in Bali yes­ter­day.

The min­istry re­ported that the two IMF of­fi­cials “lis­tened with in­ter­est” to Tsakalo­tos’s ar­gu­ments against the pen­sion cuts that the govern­ment has al­ready voted for, but pointed to the Euro­pean in­sti­tu­tions for the next steps. This is likely to add to the un­cer­tainty of the mar­kets, which al­ways take the Fund’s views into great con­sid­er­a­tion.

In this con­text Athens will send its 2019 draft bud­get to Brus­sels with­out the pen­sion cuts or the off­set­ting mea­sures on Mon­day, ac­cord­ing to Fi­nance Min­istry sources. There will also be some ad­di­tional in­ter­ven­tions to the first draft, the same sources added.

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