EU of­fi­cials call for sta­bil­ity amid pen­sion de­bate

Kathimerini English - - Front Page -

Euro­pean of­fi­cials are urg­ing the Greek gov­ern­ment to fo­cus on main­tain­ing fi­nan­cial and po­lit­i­cal sta­bil­ity even as po­lit­i­cal par­ties ratchet up their rhetoric ahead of gen­eral elec­tions next year.

In com­ments to Kathimerini in Brus­sels, one EU of­fi­cial noted that, fol­low­ing its exit from in­ter­na­tional bailouts in Au­gust and its debt deal with cred­i­tors, Greece has en­tered a kind of 10-year mora­to­rium in which it is ef­fec­tively shielded from “ex­ter­nal pres­sures.”

In or­der to re­main shielded, how­ever, Greece must en­sure that two key fac­tors are not af­fected: eco­nomic and po­lit­i­cal sta­bil­ity, the of­fi­cial re­marked.

As a rule, Euro­pean Com­mis­sion of­fi­cials have rec­og­nized the promis­ing prospects of the Greek econ­omy and have ex­pressed their con­vic­tion that most of the coun­try’s po­lit­i­cal par­ties will not seek to jeop­ar­dize Greece’s smooth exit from its fi­nan­cial cri­sis and re­turn to nor­mal­ity.

As for the con­tentious is­sue of Greek pen­sions – and whether or not a new round of sched­uled cuts will be car­ried out in Jan­uary or not – rep­re­sen­ta­tives of the EC ex­pressed con­fi­dence that a com­pro­mise will be reached by an emer­gency sum­mit of euro­zone fi­nance min­is­ters sched­uled for Novem­ber 19.

The same sources noted, how­ever, that it is not the Euro­pean Com­mis­sion but euro­zone mem­ber states that have been lend­ing to Greece.

Over­all, EC of­fi­cials have dis­played more un­der­stand­ing for the need for mea­sures to al­le­vi­ate vul­ner­a­ble so­cial groups who have been hard hit by aus­ter­ity over the years than the In­ter­na­tional Monetary Fund.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.