UPDATE 1-Greece not seeking to renegotiate pensions -IMF

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WASHINGTON, May 27 (BestGrowthStock) – Greece is fully committed to
implementing a program agreed with the EU and International
Monetary Fund and is not seeking to reopen issues, including
pension reforms, an IMF spokeswoman said on Thursday.

“The Greek authorities have reaffirmed that they remain
fully committed to this program and have no intention of
reopening issues, including pension reforms,” the spokeswoman
said in an email response to a Reuters question.

Senior Greek government officials said on Wednesday that
Greece is trying to renegotiate the terms of pension reform
stipulated in the IMF and European Union rescue deals sealed
this month.

Pension reform is a critical performance criteria for the
debt-stricken country, which negotiated a 110 billion euro
($135 billion) rescue package with the EU and IMF to help it
deal with its debt crisis.

Labor Minister Andreas Loverdos said in an interview on
Wednesday he was pushing to have the option “to negotiate to
the end”. For details, see [ID:nLDE64P1YV].

The European Commission said on Tuesday it had sent a
letter to Greece to remind it to stick to the terms of the deal
regarding the pension reform. [ID:nLDE64010Y]

A draft pension bill is expected to be submitted to
parliament soon and voted on in June. It allows retirees to
draw a full pension after 37 years of contributions, three
years less than set out in the bailout deal but offers
incentives to workers to work 40 years.

Stock Today
(Reporting by Lesley Wroughton, Editing by Kenneth Barry)

UPDATE 1-Greece not seeking to renegotiate pensions -IMF