EKAS
Greece
What the SYRIZA Government Promised and Never Delivered to Greek People
It was exactly two years ago when Alexis Tsipras became the youngest and first leftist prime minister of Greece, an event that filled the 2.25 million Greeks who voted for him with optimism because of his grandiose promises and...
Greece
EKAS Allowance for Low-Pension Retirees to be Cut by 50%
On Wednesday it was published by the government gazette that the EKAS allowance for low-pension retirees will be cut by 50 percent.
The decision was taken by alternate Finance Minister Giorgos Houliarakis and deputy Minister for Social Security Tasos Petropoulos...
Economy
Low Pensions Slashed by 48% for 148,000 Recipients in Greece
About 148,000 low pension recipients saw their pensions slashed in half after the new pension cuts went into effect as part of the fiscal adjustments the government had to make.
Specifically, 148,000 pensioners who were receiving the supplementary solidarity pension...
Economy
Tsipras Celebrates Greek 'Success Story' at Cabinet Meeting
Prime Minister Alexis Tsipras addressed a meeting of the cabinet on Thursday. He expressed the expectation that the European Central Bank (ECB) will decide on a waiver to allow it to accept Greek bonds as collateral after the review...
Economy
Required Amendments in Pensions, Wages, Privatizations, Tabled in Greek Parliament
The Greek government on Wednesday night tabled in parliament all the amendments required by creditors in order to close the bailout program review.
Legislation of all the amendments is a prerequisite for the disbursement of the loan tranche of 7.5...
Economy
Greece, Creditors Closer to Completion of Bailout Program Review
After four hours of negotiations with creditors' representatives late on Tuesday, Greece is coming close to the completion of the bailout program review.
Only one issue remains open, with the Greek side hoping that it will be resolved soon. Specifically,...
Economy
Solution to Problems of Social Security System Is Raising Revenues, Not Cutting Pensions, Says Gov't Spokeswoman
Greek Government spokeswoman Olga Gerovasili reiterated on Monday the view expressed a day earlier by State Minister for Coordinating Government Operations Alekos Flambouraris that the solution for Greece’s ailing social security system is increasing revenues, not cutting main pensions.
“Therefore,...
Economy
Proposed Measures Cross 'Red Lines' Greek PM Tsipras Had Set
Several of the measures proposed by creditors in order to achieve an agreement belong to the "red lines," thereby they were rejected by Greek Prime Minister Alexis Tsipras in the early morning hours on Thursday in Brussels.
"Greece cannot consider further...