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Reuters
Reuters
Business

Greece to allow pension increases from 2023, first since debt crisis- PM

FILE PHOTO: Greek Prime Minister Kyriakos Mitsotakis delivers a speech during the South East European Cooperation Process (SEECP) summit in Thessaloniki, Greece June 10, 2022. REUTERS/Alexandros Avramidis

Greece's Prime Minister Kyriakos Mitsotakis promised pension increases for the first time in more than a decade next year, saying Greece had definitively turned a page from the financial chaos which required three international bailouts.

During its decade-long financial crisis that broke out in 2009, Greece was forced by its international lenders to slash pensions more than 10 times to reduce state spending and meet its fiscal targets.

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