Greece to meet the 3.5 pct surplus target; no pension cuts needed

Greece will meet the 3.5 pct surplus target and therefore no pension cuts will be needed, European Commission Vice President Valdis Dombrovskis said on Thursday addressing the European Parliament’s Committee on Economic and Monetary Affairs.

Regarding the return of profits from Greek bonds, he said: “We are open to it. There must be a dialogue with creditors so that this approach can work if Greece meets the goals and reforms that are a prerequisite for such debt relief measures.”

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