Creditors consider impact of acquiescing to Athens' request to suspend looming pension cuts measure

Greece’s creditors seem not particularly concerned over the prospect of the Tsipras government suspending a pre-legislated social security reduction that’s set for implementation on Jan. 1, 2019. The dominant view among creditors at present is that the markets are more interested in Athens achieving annual fiscal targets. As such, according to information gathered by with “N”, avoiding the pending austerity measure is deemed as more-or-less harmless for post-bailout Greece’s credibility, but under the unyielding condition that the annual target of a 3.5 percent primary budget surplus, as a percentage of GDP, is met or exceeded until 2022.