Economics
Greece Dodges New Pension Cuts as Government Eyes 2019 Elections
- Creditors see fiscal space to justify skipping the measure...
- ...even as markets show concern over backtracking on reforms
A customer puts coins into her purse while shopping for groceries at a farmer's market in the old town of Thessaloniki.
Photographer: Konstantinos Tsakalidis/Bloomberg
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Greek Prime Minister Alexis Tsipras has some political breathing room ahead of next year’s general election.
After the country’s euro-area creditors didn’t raise objections to a government request to skip a round of already legislated pension cuts for 2019, Tsipras appears to have a “win” he can show voters in 2019.