The troika of Greece’s main creditors have made their latest inspection of the figures and have pronounced Athens has made progress in its Olympian task of debt reduction and economic reforms.
The Greek government is preparing the next stage of cutbacks amounting to some 11.5 billion euros, which will kick in next year and the year after, at the behest of the IMF, ECB, and EU.
The troika met in the finance ministry for the last time after two weeks of discussions. Talks will resume in September with many of the measures for the next two years unfinalised. They will need to be resolved if Greece is to get the next slice of its second aid package, 31.5 billion euros, due next month.
But progress in the corridors of power is not being seen on the streets.
“At first I got 950 euros a month retirement pension. Now it’s only 719. It’s difficult to pay my basic expenses; everything in my life has become difficult. The last time I went to hospital for tests, I had to pay 56 euros out of my own pocket,” said pensioner Marios.
With revenues collapsing and prices rising the Greeks are facing an unprecedented squeeze in every aspect of daily life.
“My life has changed completely. I can’t even do everyday stuff, like going for a coffee with friends,” said Matoula, another pensioner.
The proportion of elderly people in Greece is Europe’s highest, costing 15.9% of GDP, but many now find their children and grandchildren coming to them for help.
Copyright © 2014 euronewsMore about:
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Now is ‘right time’ for Catalonia independence vote, says Mas | euronews, world news
- 3Vatican rocked by another paedophilia scandal | euronews, world news
- 4Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 5British Muslims’ message to ISIL: Not in my name! | euronews, world news
- 6Revealed: Europe’s capital cities where it’s hardest to be a foreigner | euronews, world news
- 7Sweden becomes first European nation to recognise Palestine | euronews, world news
- 8European Union News | euronews: latest breaking news and headlines about European Union
- 9International tv news | euronews: European and International tv news bulletin
- 10How nasheeds became the soundtrack of jihad | euronews, world news
- 11Iceland volcano ‘pollutes Paris’ | euronews, world news
- 12Ebola: Six new suspected cases in Spain | euronews, world news
- 13Learning through “serious games” | euronews, learning world
- 14Mike Tyson: ‘You learn humbleness when you get older in life’ | euronews, the global conversation
- 15International breaking news | euronews online world breaking news in video
- 16US says ISIL makes $1 million-a-day selling oil – even to enemies | euronews, world news
- 17US delivers technical aid to Ukraine but warns over security | euronews, world news
- 18euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 19Global warming to ‘cause 250,000 extra deaths a year’ | euronews, world news
- 20All you need to know about the Ebola virus | euronews, world news
Wires > News
- 07:48 CET South Koreans trying to launch anti-North leaflets clash with…
- 06:14 CET Coal mine accident in far west China kills 16 – Xinhua
- 05:57 CET China to shut factories during APEC to curb Beijing pollution -…
- 04:51 CET Two killed, four wounded in Washington state school shooting
- 03:32 CET U.S. general says he believes North Korea can build nuclear warhead
- 02:10 CET Virginia remains identified as those of missing college student
- 01:25 CET U.S. says Palestinian-American killed by Israeli forces
- 01:17 CET Mali’s first Ebola case, a two-year-old girl, dies – officials