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Greek Public Debt Management Agency Asks Security Funds to Buy Repos

The Public Debt Management Agency and the Labor Ministry have asked security funds to buy government repos in order to avoid potential liquidity problems. According...

Primary Budget Surplus High, But Security Funds Strapped for Cash

The primary budget surplus for the period January-November 2014 more than doubled from last year, however, social security funds are showing a significant deficit. According...

Survey: High Unemployment and Rising Deficits of Social Security Funds

The General Confederation of Greek Workers (GSEE) revealed data showing a huge decline in income for most Greek wage earners during the crisis. The data...

Meeting for "New Beginning" of Social Security Funds

Over 260,000 businesses in Greece, including big companies, have outstanding debts to social security funds. Pension fund officials say that without additional measures to...

Cyprus Third for Contribution to World Science

A new survey which rates nations according to their contribution to humanity ranked Cyprus in 18th place. Ireland  tops the list.  The Good Country Index which was,...

Greece in World Top 10 Social Security Contributors

Greece remains among the countries with the highest social security contribution rates, although those numbers are forecast to go south by 3.9 percent by...