Greece: IMF wants 30% slashes to already butchered pensions

Protothema accuses the new IMF mission-chief Velculescu

27 July, 18:17

    (ANSAmed) - ATHENS, JULY 27 - Greece's creditors are eyeing further slashes to already butchered pensions that have been scissored during previous bailout deals, as Protothema online reports under the title "Delia vs. Pensioners - The first sacrificial slaughters brought to the altar of the bailout god”.

    IMF Chief Delia Velculescu - obsessed with further cuts to Greece's low pensions – spearheads the plan for social security reforms that include pension cuts of as much as 30%. It doesn't stop here with sources pointing to further 10% slashes if the recession continues. Wages, too, will be brought to the fiscal sacrificial altar with new recruits in the private sector to see their basic wage drop by 5-10% from 586 euros. Greek negotiators already have their backs cornered to a wall as far as pension slashes are concerned. The zero clause in social security reform is a pre-requisite to the new deal with creditors that Prime Minister Alexis Tsipras had signed at the Euro Summit. The task of the Greek negotiators will be not easy, writes Protothema, recalling how the tall and lean Delia Velculescu first earnt a nickname for herself as 'Delia Draculescu' when she headed the IMF team for Cyprus in 2012. (ANSAmed).

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