Sunday, June 21, 2015

Newspapers – Athens needs to cut salaries and pensions for June – Reuters Germany


       

Berlin (Reuters) – Greek pensioners and state employees have to face it that their salaries for June not be fully paid off, according to a media report.


       

This reports the “Frankfurter Allgemeine Sonntagszeitung” with reference to internal calculations of financiers. Thus Athens lacked the end of the month from 2 to 3.6 billion euros – tax revenues have fallen dramatically. Consequently, the government can not then settle not only the overdue rate of 1.6 billion euros to the International Monetary Fund. You should also cut pensions and salaries. The expenses for this subject the end of June at 2.2 billion euros.


       

Also an agreement with donors Athens next week on reforms to the cuts would not change anything, the paper continues. Since the reforms still only be decided in the Greek parliament and five national parliaments of payment of the final program funds of 3.7 billion euros would have to agree, Athens will be no earlier than mid-July return cash.

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