Greek Labor Minister Confirms Pension Slashes

September 24, 2015
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Greek Labor Minister Giorgos Katrougalos declared that additional major and auxiliary pension slashes are unavoidable.

Katrougalos stated this as he returned to his position after 27 days. The Labor Minister also commented that he will do all he can to offset mandates and counteract the enforced protocols.

While discussing the issue to ANT1 TV, Katrougalos described, "We may not be able to avert cuts to some pensions as long as there is this under financing of the funds. We will still protect medium-sized and small pensions. There is no chance of them being tampered with," as reported by Kathimerini.

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