The Quartet of Greece’s lenders is back in town to continue its evaluation of the Greek bailout program. At 2 pm lenders will meet with Finance Minister Eukleides Tsakalotos and Economy Minister Giorgos Stathakis to discuss non performing loans and tax issues.
Wolfgang Schaueble, German Finance Minister, said that he expects the evaluation to be completed by the Orthodox Easter.
The leadership of Labor Ministry prepares for the negotiation talks with Greece’s lenders tomorrow on the issue of pensions and social security reforms. The Ministry aims at finding a way to safeguard primary pensions (except high pensions) and find compromise solutions for the other demands of the ‘Quartet’, such as national pension, supplementary pension and replacement rates.
The main open issues to be discussed include cuts in supplementary pensions and lump sum, which might be reduced by 40%, as lenders demand, according to new information.