International Monetary Fund

IMF to insist on pension cuts

The International Monetary Fund on Thursday issued a flat denial to the government's request to cancel the implementation of the planned pension cut in January 2019, while Finance Minister Euclid Tsakalotos appeared reserved about Berlin's attitude as he responded to investors' questions in London a day after meeting his German counterpart.

Greek pension cuts in balance as EU-IMF inspectors visit

Hopes in Greece that it will have fiscal leeway to cancel unpopular pension cuts due next year are in the balance, sources said on Wednesday, as the first inspection visit by its former lenders since it exited its bailout began.

The country emerged from the biggest economic rescue in history in late August after almost nine years of creditor-mandated austerity.

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