Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
OPEC and non-OPEC countries to continue talks on oil production cut dealBusiness & Economy September 22, 17:28
Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
BRUSSELS, June 29. /TASS/. The creditors have softened their requirements to the Greek budget spending cuts by €12 billion in negotiations since the beginning of the year, President of the European Commission (EC) Jean-Claude Juncker told a news conference on Greece on Monday.
"Greek citizens who are being called to vote next Sunday need to have a clearer picture of what’s at stake," Juncker said. According to him, "Our sole concern has been to make a fair and balanced deal. This is certainly a demanding and comprehensive package, but it is a fair one... This is not a stupid austerity package," he said. According to him, the Greek population must clearly understand the essence of the creditor’s proposals that have been rejected by the country’s government.
The creditors have demanded Greece to make €12 billion less spending cuts, compared to the demands as of the start of the year. These proposals do not include pension cuts, only the military spending cuts. Juncker said that contrary to media statements, "no pension cuts [are] in this package" of proposals. The creditors’ package also "creates more social fairness, more growth and a more transparent public administration," he said. The creditors also propose less tax relief for ship owners and stepped-up efforts against corruption and the enforcement of an independent tax administration. "Who could be against this?" said Juncker.