Still obstacles on the road to an agreement between Athens and the Troika. The pension reform launched by the Greek government at the express request of international creditors (EU, ECB and IMF) it could be unconstitutional. To say it is the Hellenic Court of Auditors, who explained how the reduction of between 5 and 10% of benefits would be the fifth consecutive cut since May 2010 and could therefore undermine the dignity of workers. The reform will be voted on next week in Parliament, which could decide not to take into account the opinion of the Court of Auditors.
In any case, this pronouncement risks definitively compromising the efforts made so far by the government of Antonis Samaras to unblock the next tranche of international aid worth 31,5 billion in favor of Athens. Also yesterday German Government sources have revealed that there are still many problems to be solved in view of the agreement.
The only possible agreement, at the moment, would be on a bridging loan to close the 13,5 billion hole that the Greek state will accuse from mid-month. And it doesn't seem that the situation can unblock itself in time for the next Eurogroup on 12 November.
