George Katrougalos: European partners could have no other reaction on pension cuts

Nobody can claim on the basis of arguments that there is a fiscal reason for new cuts, new austerity, Alternate Foreign Minister Giorgos Katrougalos said on Friday in an interview.

Asked to comment on reports saying that the European partners consider Greece’s social security system sustainable, he said: The European partners’ reaction could not have been different.

“We have managed not only to meet the targets, but also to exceed them. Austerity will hinder development in a phase when the economy seems to have entered a new era,” he said.

Source ANA-MPA
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