The Prime Minister and the leaders of the three political parties supporting the government met in order to jointly decide on the main elements of the agreement with the troika regarding Greece’s new economic program in the framework of the new loan agreement.
The Prime Minister and the political leaders agreed on main issues, including:
1) The adoption of measures, in 2012, aiming to reduce public spending by 1.5% of GDP.
2) Safeguarding the viability of auxiliary pension funds.
3) Addressing the competitiveness deficit by taking measures including the reduction of wage and non-wage labor costs, aimed to support employment and promote economic activity.
4) The recapitalization of banks through a combination of measures that safeguard public interest and ensure the banks’ managerial autonomy.