Greece’s pensioners to suffer MORE: Europe demands austerity as debt hits £268 BILLION

Desperate people campaign outside the Hilton hotel as the monied hold talks about their lives

Desperate people campaign outside the Hilton hotel as the monied hold talks about their lives

 

GREEK politicians are being told to go after the country’s already squeezed pensioners as it faces yet more austerity measures.

Germany and the International Monetary Fund (IMF) have failed to make an agreement over the conditions of a new bail out package.

And while the country’s debt bubble continues to mount, as it tries to cope with the migrant crisis from 2015, its citizens are being penalised.

Thousands of hungry, cold and desperate pensioners have taken to the streets of the country to protest at Prime Minister Alexis Tsipras handling of the debt crisis.

The latest figures show Greece’s debt stands at 179 per cent of its gross domestic product (GDP), or about £268billion (€315bn).

Representatives of the Greek government flew to Washington last week to discuss their options at the IMF and World Bank Spring conference.

But they failed to reach a conclusive agreement after the IMF disputed figures and Germany called for more cuts.

Mrs Merkel, who is facing election in Germany in September, is apparently not warm to the idea of helping Greece which has been bailed out three times.

Greece has been given what is being described as unreasonable targets which it cannot reasonably meet.

It has been negotiating with lenders in the EU, the IMF signalling it could default as early as July because no one can reach an agreement.

The country’s citizens have been pulling billions out of the banks and are cutting down on their supermarket spends.

Full article: Greece’s pensioners to suffer MORE: Europe demands austerity as debt hits £268 BILLION (Express)

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