Greece on a collision course with creditors after vowing not to slash pensions

From telegraph.co.uk

Greece has promised not to implement controversial cuts to pensions, putting the indebted nation on a collision course with creditors months into a new bail-out programme. Athens' left-wing Syriza government said it would not slash expenditure on its main and supplementary pensions as part of a reform plan submitted to international lenders on Monday night. • The real sign that Greece's financial turmoil is getting worse The reforms have been demanded by lenders in return for the latest release of bail-out cash. But pensions spending has proven to be the main sticking point for Greece and its Troika of creditors - ... (full story)