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Tough Penalties for Businesses with Debts to IKA

Social Insurance Institute (known in Greek as IKA), the largest social security organization in Greece announced on Tuesday 5th of November that the businesses...

Troika Wants Six-Day Work Week for Greeks

A confidential email to the Greek Ministries of  Finance and Labor from international lenders putting up $325 billion in two bailouts to keep the...

'Big Brother' Will Be Watching Economic Transactions

Every economic transaction of tax-payers with banks, insurance companies, credit card companies, mobile phone providers, power electricity and water supply corporations will be digitally...

Healthcare Assistance Now Considered A Privilege

Four years of a recession and two years of wide-ranging cuts to the state budget to reduce expenditure and balance accounts is turning health...

Welfare Bodies Close to Bankruptcy

The financial situation in which Greece's national insurance bodies find themselves is, to say the least, very serious. The organisations are the victims not...

Papademos Asks for Commitments ND is Reluctant to Make

New Democracy (ND) is showing hints of disagreement and displeasure with the current government on the issue of following Troika orders, by questioning the...

To Fight Deficit Greek Retirement Age Must Rise To 82

New cuts in pensions are being projected for 2012, since insurance funds are facing a tremendous deficit of 4.5 billion Euros for 2011. Labour Minister...

Cyprus: Cabinet Adopts Austerity Measures

Minister of Finance Kikis Kazamias said the abolition of the pension fund for civil servants and semi-governmental employees, provided for in the package of...

'Goal is to avoid bankruptcy'

Employment and Social Insurance Minister Andreas Loverdos on Sunday warned that he foresees an increase in unemployment after the end of ongoing tourist season,...