“Greece tries to renegotiate pensions with EU/IMF” is the headline of a scary story on Reuters.
The Greek labor minister is trying to ignore the deal with the EU and IMF which required 40 years of contributions to the pension system rather than 37 before drawing a pension. The Labor minister also wants to push back the implementation of reforms to 2018 from 2015…
The market does not want to see one inch of backsliding from Greece and will punish the euro if it sense Greece is not living up to its commitments.
