Greece resists IMF demands for more pension cuts

Athens

GREECE cannot accept demands by the International Monetary Fund (IMF), one of its international creditors, to cut pensions further to achieve a primary surplus target in two years, its finance minister said on Thursday.

Greece has proposed an overhaul of its pension system to make the system viable by increasing social security contributions. That plan has met strong opposition from farmers who blocked highways for weeks in protest, and other professional groups.