Greece Plans EU5 Billion in 2013-2014 Pension Cuts, Ta Nea Says
Greece plans 5 billion euros ($6 billion) from cut to pensions, social spending and lump-sum retirement payments, part of the government’s 11.5 billion-euro package for the next two years, Ta Nea said, without citing anyone.
A cap of about 2,000 euros a month may also be imposed on state pensions, the Athens-based newspaper reported. The government raised the figure for these cuts to 5 billion euros from 4 billion euros as it struggles to find measures that total 11.5 billion euros for 2013 and 2014, the newspaper said.
Greek Finance Minister Yannis Stournaras will present the measures to Prime Minister Antonis Samaras and his coalition partners today, before discussing them with European Union and International Monetary Fund officials at a meeting tomorrow, Ta Nea said.
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