Pension cuts not necessary to achieve surplus targets, Tzanakopoulos says

Cutting pensions will likely not prove essential, government spokesman Dimitris Tzanakopoulos said on Monday in an interview with Alpha TV, expressing confidence that Greece will be able to meet its fiscal targets without pension cuts.

Tzanakopoulos said that “the primary surplus target for 2019 can be achieved objectively without the implementation of this measure. So, after we have all the information at our disposal, on the basis of which we will be able to make a final and definitive conclusion on the specific issue, we will make the relevant announcements.”

On the basis of the 2018 fiscal results, it is possible “to proceed with to specific relief” he said and reiterated that the 800 million euro fiscal space created can be used by the government. He also noted that the closing of the cycle of memoranda “means the closing of the cycle of the ideological hegemony of the right in the country.”