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Greece to table draft law on pension cuts to parliament
Published in Saudi Press Agency on 17 - 02 - 2012


The Greek government was set to table a draft law
in parliament Friday on fresh cuts to pensions and benefits for large
families - one of the last conditions demanded by international
creditors in exchange for bailout loans, dpa reported.
Athens planned to pass the emergency draft law by Sunday, to be
ready in time for a Eurogroup meeting of eurozone finance ministers
on Monday.
So far, Greece has fulfilled only two of three conditions set by
the Eurogroup for a 130-billion-euro (170-billion-dollar) aid
package: approval by parliament of a 3-billion-euro austerity and
economic reform package, and written assurances from political
leaders that they would stick to the bailout terms even after
elections, expected in April.
The third condition, closing a 325-million euro budget gap, was an
issue of debate between Brussels and Athens for several weeks.
Athens decided it would plug the budget gap by making additional
cuts to main and auxiliary pensions and to allowances for families
with four or more children, according to the draft law.


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