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Greece set to get cash to pay bills, but debt relief elusive

By dailymail / Published on Thursday, 15 Jun 2017 10:42 AM / No Comments


“Greece has fulfilled its commitments and adopted the required reforms. Now it is time for the Europeans to comply with their commitments on debt relief,” Greek President Prokopis Pavlopoulos said in an interview with German business daily Handelsblatt.

In Athens, some 1,500 pensioners gathered to protest more than a dozen rounds of pension cuts since bailout-induced austerity was enforced seven years ago.

“We have been robbed blind,” said Stavros Vassiliou, 65, “I worked 41 years in construction  I was taking 2,400 euros in 2011, now I take (a pension) of 1,000. I have a mortgage and four kids to support.”

Governments of some of the euro zone creditors have said the reduced pensions do not appear to be at hardship levels.

Athens says it wants a debt relief agreement “that gives clarity to the markets, but of even greater importance, renewed hope to the people of Greece”, a government official told Reuters before the meeting.