15 December, 2011
Addressing the 22nd Greek Economy Conference titled The time for Responsibility, Decisions & Action organized by the Greek American Chamber on December 14, Prime Minister Lucas Papademos stressed that "there will be no further reductions in nominal wages and pensions or increases in tax rates in 2012."
Yet, he ascertained that, should Greece prove unable to meet the fiscal targets, his interim government and not a future elected administration would negotiate any further austerity and reform measures.
Source: GREEK NEWS AGENDA issued by the Secretariat Genera
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