Athens Macedonian News Agency: News in English, 15-05-27

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Labour Minister: No cuts in supplementary pensions

[02] ECB keeps Greek banks' ELA ceiling stable at 80.2 bln euros

[01] Labour Minister: No cuts in supplementary pensions

On the possibility to be made through a unilateral action, the minister said "even in this way".

Moreover, he noted that the implementation of the engangement for the Christmas bonus is "a parameter of the real potential of the economy". He also said that "if the financials at the end of the year allow it then, yes it will be given this year. If not, we can give part of the Christmas bonus".

The Labour minister reiterated that there will be no cuts in main and supplementary pensions and the zero deficit clause for supplementary funds will not implemented and underlined the need for an overall reform in insurance aiming at securing the system's sustainability.

Regarding the course of the negotiations, he stated that "we are at the final stage....there are still open issues".

Skourletis clarified that "because it is a very difficult agreement, every small detail matters".

Referring to the payment or not of the installment to the IMF on June 5, he said that "it depends on the agreement".

[02] ECB keeps Greek banks' ELA ceiling stable at 80.2 bln euros

More specifically, the ECB estimated that there is no reason to change the lending cap for Greek banks via ELA. The same sources said that deposit outflows remained stable in the previous week.

This means that Greek banks will once again have a buffer of around 3.0 billion euros, and the situation will be reviewed again next week.

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