Another win for Greece: Pensions cuts unconstitutional

... while eurocrats demand political cost!

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A decision by the Supreme Court in Greece, comes in a very crucial moment for the negotiations with the lenders.

From enikos.gr:

The Supreme Administrative Court of Greece has ruled that all cuts in pensions and the "zero deficit clause" are unconstitutional, the vice vice-speaker of the Greek parliament, Alexis Mitropoulos, revealed on ANT1 TV . The ruling will be officially announced either later on Friday or Monday. Pension cuts were imposed by successive Greek governments in the context of commitments assumed under the bailout agreements. http://en.enikos.gr/economy/28146,Pension-cuts-in-Greece-unconstitutional.html

Greece is about to destroy the brutal neoliberal experiment and this will make Greece's lenders more aggressive. The decision by the supreme court is sending a clear signal to the elites that there is a solid front inside the country against their plans to impose further neoliberal catastrophic policies.

The negotiating power of SYRIZA coalition increases as recent polls have shown that the Greek people steadily support the government.

Meanwhile, a cynical statement was made by a eurozone official, demanding political cost in Greece:

“'The financing of the Greek government is not sustainable without a third programme, additional financing,' a senior euro zone official said ahead of a meeting of euro zone deputy finance ministers on Wednesday. [...] Agreement will be tricky, because the euro zone wants Greece to commit to major policy changes that go against what Tsipras and his Syriza party promised voters, notably on pension and labour market reforms. 'I don't see a possible conclusion if the Greeks don't make a very significant move in one or two or three areas,' the official said. 'It could be pensions, it could be the labour market but ... they have to pay the political cost. The Eurogroup wants to see that political cost being paid.'” (http://goo.gl/ckQOpb)

Obviously, eurocrats are not interested to keep any pretexts, anymore, and this is another good sign that their only agony is to see the completion of the experiment in Greece. They don't care about the social, political, or even economic cost, as their policies in the last five years completely ruined Greece in every aspect.