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Greek Pensions Won't Be Slashed

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Greece is not planning to reduce pension payments.

Greek General Secretary for Social Insurance Giorgos Romanias has insisted that the Hellenic government will not slash auxiliary or basic pensions in the nation, due to demands from its global lenders. Romanias stated to Ant-1 TV today, "There is pressure on this issue but we are resisting this pressure."

The General Secretary for Social Insurance confirmed that the Greek government is not vying to reduce pension revenues to please its international financiers. However, lenders have contended that Greek has to instill the zero deficit protocol, that would result in the nation not funding pension installments.