Greek pensions

The Greek government reassures the society that there is not problem with the payment of salaries and pensions, according to government sources that added that all the necessary measures have been taken. In an unofficial note the government stated that...

During an interview with Greek journalist Nikos Evangelatos, Greek economist and Independent Greeks member Giorgos Romanias claimed that the reports on which the bailout program insurance measures were based are unacceptable. “They decided on wage and pension cuts because...

"If there are any difficulties, we have a plan to deal with them and have sufficient financing," Greek Deputy Health Minister Dimitris Stratoulis said on Monday during an interview with Athens-Macedonian News Agency. Stratoulis confirmed that the restitution of previous losses on...

Three out of four public sector and Social Security Fund (IKA) pensioners in Greece are opting for early retirement. This situation has caused the country’s pension system to become unsustainable. On Wednesday, Greek Labor Minister Yiannis Vroutsis presented data to the parliament, explaining that...

A recent Reuters article reports on how the financial crisis is affecting state pension and welfare systems in southern EU member-states. “Greece is the only country to have taken drastic action, forced to cut pensions by 30 percent between 2009 and 2013 under...

The Greek government appeared ready to proceed with cuts to supplementary pensions and certain sectors' primary pensions, following a meeting in Athens on Tuesday afternoon between a relevant labour ministry secretary general and a delegation representing the EC-ECB-IMF 'troika',...

From wealthy businessmen to ordinary grandmothers with 500 euro pensions, Greeks are taking their money and running, moving it abroad or even burying it under their olive trees for fear that within the next few months their precious Euros...