ECONOMY

EWG to discuss impact of Christmas bonus on Greek program

EWG to discuss impact of Christmas bonus on Greek program

The Euro Working Group (EWG) is to meet Tuesday to discuss the impact on the Greek program of the SYRIZA-led government’s decision to grant a one-off supplement to pensioners, local media reported Monday.

The European Stability Mechanism reacted to the measure by suspending for the time being the implementation of the short-term debt relief measures that were only rubber stamped by eurozone finance ministers on December 5.

EWG is expected to discuss a report by representatives of the institutions on the actual cost of the handout. The report was requested by German Finance Minister Wolfgang Schaeuble.

EU Finance
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