ATHENS, Greece | Greece: Creditors approve U-turn on pension cuts

21Nov - by Editor - 0 - In STL.News



ATHENS, Greece— Greece’s bailout creditors have approved a request by the country to scrap pension cuts planned in 2019 after the country delivered a strong budget performance.

In a report published Wednesday, the European Commission said the previously agreed cuts were no longer considered necessary for Greece to meet a primary budget surplus of 3.5 percent before debt servicing costs.

The government is due to table a final version of the 2019 budget to parliament later Wednesday after getting the nod from lenders.

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