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.