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Greek PM Tsipras says pension reform difficult but must go ahead
January 26, 2016 / 5:39 PM / 2 years ago

Greek PM Tsipras says pension reform difficult but must go ahead

Greek Prime Minister Alexis Tsipras waits for his speech marking one year since he was first elected to power in Athens, Greece, January 24, 2016. REUTERS/Alkis Konstantinidis

ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras defended plans to reform the country’s pension system on Tuesday, saying it was a difficult but necessary plan to prevent the system from imploding.

“Present and future projections leave no room for complacency,” Tsipras said in a speech to parliament.

“To pay pensions in 2016, the social security system - apart from contributions and state funding - will need to find additional funds of 980 million euros,” he said.

“We are choosing a difficult path, rather than this dead end.”

Reporting By Renee Maltezou, writing by Michele Kambas

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