Govt Rejects Wage, Pension Cuts to Fill Budget Gap
Friday, 25 October 2013
Greece’s coalition government decided that it will not cut further wages or pensions to meet demands from its international lenders for more budget savings next year, Reuters reported.
The government adopted an updated policy agreement stating that a growing economy is the only way to viably reduce Greece's debts and deficit, Reuters said.
"Greece can convincingly argue that it can't and shouldn't take new fiscal measures curtailing wages and pensions," it said in the agreement.