Athens News Agency: News in English, 07-11-14
CONTENTS
[01] Government outlines plans for mild reform of pension system
[01] Government outlines plans for mild reform of pension system
The Greek government will take a mild approach to reforming the
country's pension system, Employment Minister Vassilis Magginas said on
Wednesday.
Speaking to reporters after an inner cabinet meeting chaired by Prime
Minister Costas Karamanlis, the Greek minister said a planned reform of
the social insurance system aimed at "reversing injustices, distortions
and excesses of the system in a mild manner. Our aim is to have a
viable, fair and modern pension system to serve the real interests of
pensioners and new workers".
Economy and Finance Minister George Alogoskoufis, speaking to
reporters, said he briefed the Prime Minister on the results of
Eurogroup and ECOFIN meetings in Brussels and particularly European
Commission's autumn forecasts for the European and Greek economies.
Alogoskoufis underlined that the Commission forecasts high growth rates
in Greece and noted that a fiscal consolidation effort will achieve the
goals included in a 2008 draft budget. Commenting on the likely impact
of an economic slowdown in the US and the global economy, Alogoskoufis
said the slowdown will have only limited effect on the European
economy.
Development Minister Christos Folias, commenting on a memorandum of
cooperation signed between Public Power Corporation and Germany's RWE
said the government did not plan the privatisation of the electricity
utility.
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