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:
- 1#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians | euronews, world news
- 2Ellen MacArthur: making waves on a journey to a circular economy | euronews, the global conversation
- 3China executes eight Muslims convicted of terrorism | euronews, world news
- 4Putin T-Shirts flying off the shelves at Moscow megastore | euronews, world news
- 5Everything you need to know about the Ebola virus | euronews, world news
- 6Ukraine accuses Russian aid convoy of stealing factory equipment | euronews, world news
- 7Massive Swedish forest fire is declared a national emergency | euronews, world news
- 8Risk of fresh ash cloud threatens European air travel | euronews, world news
- 9Iceland warns Europe’s airlines of possible volcanic eruption | euronews, world news
- 10Beyond the subconscious | euronews, futuris
- 11Man, 27, fails in suicide bid after tigers reject chance to eat him | euronews, world news
- 12Romania buys into bitcoin big time | euronews, corporate
- 13Bardarbunga volcano in Iceland continues to rumble | euronews, world news
- 14Poland wants compensation from the EU for Russian import ban | euronews, world news
- 15EU’s Russia sanctions doing more harm than good says Hungary’s PM Orban | euronews, world news
- 16Portugal hopes to become a pensioner’s paradise with zero tax offer | euronews, reporter
- 17A robot that grows | euronews, futuris
- 18Malta opera star Joseph Calleja’s summer concert draws big crowd | euronews, le mag
- 19Turkey’s women have the last laugh | euronews, world news
- 20Greek farmers suffer in economic war between Russia and EU | euronews, economy
Wires > News
- 16:51 CET Insight – A broken man living on dreams pulls Japan into Syria…
- 16:47 CET Iran says testing new nuclear enrichment machine, may irk West
- 16:40 CET Germany to decide on military aid for Iraq on Sunday – minister
- 16:35 CET Germany steps up fight against far right after neo-Nazi murders
- 16:28 CET Afghan election audit disrupted as candidates declare walk-out
- 16:25 CET President-elect Erdogan heralds “new Turkey” in last party speech
- 16:18 CET Cameroon says kills 27 Boko Haram militants in border clashes
- 16:02 CET Police shoot to death criminals near U.N., U.S. sites in Nairobi