2015-12-21cnbc.com

Greece['s] challenge is to convince its creditors that it can reduce government expenditure by up to 1 percent of its economy via pension cuts. But in a country where the social costs of austerity weighs on the mood of the general population, some think new pension adjustments could be the straw that breaks the camel's back.

Some of the government's 153 MPs have already made clear that they will not support new cuts to pensions. If as few as three MPs vote against pension reform, analysts say it is likely the government will lose its majority, once again sinking back into political crisis.



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