07.11.2012 - 13:22 [ Greek Reporter ]

Greek Court Says Pension Reforms Not Legal

(01.11.) Greek pension reforms requested by Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) to secure a pending loan of $38.8 billion may be unconstitutional, a Greek court ruled on Nov. 1, further complicating the government’s plan to pass a pending $17.45 billion spending cut and tax hike plan.