Euro Area Praises Greek Pension Proposal, Emphasizes Urgency
- Dijsselbloem calls Tsipras's planned overhaul ‘serious’
- Questions persist about viability of new pension system
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Greece won praise from euro-area partners for a plan to revamp its pension system as the region’s rescue fund emphasized that a review of the country’s bailout be completed soon to unlock more international aid.
“It’s a serious proposal,” Dutch Finance Minister Jeroen Dijsselbloem, who chairs the group of his euro-area counterparts, said on Thursday in Brussels before their first meeting of the year. “It’s obvious that they’ve really done some serious work on that. The key question has yet to be answered: whether, in terms of the financial sustainability of the new system, it all adds up.”