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Greek PM Tsipras to Call Party Leaders to Agree on Insurance Funds Reforms

Greek Prime Minister Alexis Tsipras is to call a meeting with party leaders and ask them to vote in favor of the unpopular security...

Insurance Funds €400 Million Short in 3 Months

Insurance funds are in danger of suffocation, as in the last three months of 2014 there was a deficit of 400 million euros. From October...

Insurance Funds Lost 33 Billion Euros During Crisis

Greek Social Security Funds (POPOKP) 30th Congress of Employees, presented figures which show that social security funds in the country have recorded losses of...

10.5 Billion Euros Owed to Insurance Funds

Latest data released by the Ministry of Labor show that debts towards the insurance funds in Greece amount to 10.5 billion euros. The funds that...

Collapse of Insurance Funds

The economic situation of the insurance system shows a rapid deterioration, with a dramatic decline of revenues and a sharp increase of overdue debts. These...

Greek Insurance Conglomerate Ethniki Sold to Private Fund

The leading Greek insurance company Ethniki Insurance, was sold to CVC Capital Partners Fund VII, a private equity firm.

Cyprus First, Greece Third in Reception of European Social Funds for 2018

The Republic of Cyprus ranked first, and Greece third, among EU member states in  cumulative payments made from the European Social Fund in 2018....

Debts to Greek Security Funds Reach €33.6 Billion

The total debt to all Greek security funds reached 33.62 billion euros at the end of 2015, according to a Naftemporiki newspaper report. About 90%...

Greek Unpaid Debt to State Funds at 50% of GDP

Overtaxed Greek citizens are having difficulty meeting their obligations with the Greek tax department. In May, taxation and businesses, according to data released by...

'Black Hole' in Funds Causes Deficit in Pensions

The insurance funds’ deficit has reached 13.88 billion euros and it is threatening the pensions of Greek citizens. Out of the total 1 billion...