EU: Decision on Greek Pensions Expected in Mid-November

The decision on whether Greece will have to implement previously agreed-upon pension cuts will likely be made in mid-November, according to a report on Friday by Greek daily Kathimerini, quoting a senior EU official.

The official said an additional Eurogroup meeting on reforms in the eurozone will be held in mid-November. At this meeting, it is possible that a final decision on the issue of pension reductions in Greece will be made.

The most important factors that eurozone member states will examine will be whether the abolition of the pension cuts will jeopardize Greece’s primary surplus target of 3.5 percent of GDP, and whether the measures the Greek government will take will foster growth.