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pension cuts

Greek Pensioners Protest Cuts Outside Council of State Court Hearing

Hundreds of elderly Greeks protested against deep cuts to their pensions outside the country's top administrative court, which was hearing arguments on a motion to rule the 2016 labour bill unconstitutional. Pensioners have seen their benefits cut more than a...

IMF: Greece Must Implement Measures in 2019 and Countermeasures in 2023

The International Monetary Fund report on the Greek debt sustainability says that fiscal measures should be implemented earlier and the countermeasures not earlier than 2023. If the countermeasures are applied from 2019 to 2021, then the primary surplus for those...

Greeks' Pensions Could Drop to €620 a Month in Four Years Time

Pensions in Greece have decreased substantially over the last few years as the financial crisis has dictated the government's commitments to its foreign lenders as part of the bailout program and according to data from the midterm fiscal plan...

Greek Government to 'Freeze' Pensions Until 2022, as Creditors Require

Greece's creditors ask for the "freezing" of pensions for an additional year -- until 2022 instead of 2021 -- as a prerequisite to close the second review of the bailout program. This new requirement comes as a result of the...

Greek Coalition Voted the Austerity Measures Amid Strong Reactions in and out of House

The SYRIZA-ANEL coalition on Thursday night voted for the harsh austerity measures required by Greece's creditors amid strong reactions from the opposition and thousands protesting outside the House. All 153 lawmakers of the two ruling parties voted for the measures...

Greek Court Finds New Pension Cuts Violate European Human Rights Convention

A Greek court decided that the new pension cuts agreed by Athens and international creditors violated the European Convention of Human Rights. The new pension cuts are part of the prerequisites of Greece's bailout program as agreed on May 2....

Farmers to Rally in Athens on February 14

Farmers will be continuing their ongoing fight against tax hikes and social security contribution payments in yet another protest planned in downtown Athens for February 14. During the Thessaloniki International  Trade fair protest last week, Drama farmer, Chris Godias --...

Half of Greece's Pensioners Threatened by Further Pension Cuts and Poverty

Pension cuts have affected the lives of 1.2 million Greek pensioners. The organization of a network of United Pensioners (ENDISY) said that six out of 10 pensioners get less than 700 euros, and 44.8 percent of pensioners get a...

Greek Cabinet Meeting to Discuss Economy, Bailout Program Evaluation After Summer Recess

Greek Prime Minister Alexis Tsipras on Monday spoke with Finance Minister Euclid Tsakalotos and Labor Minister Giorgos Katrougalos, in the first government meeting after the summer recess. Tsipras and the two cabinet members discussed the creditors' upcoming evaluation of the bailout...

Bank of Greece Report Concludes: 'Greeks' Health Deteriorating, Life Expectancy Shrinks'

The Bank of Greece released its Monetary Policy Report 2015-2016 with some shocking admissions enclosed. The report says that “while it takes longer to record the exact effect, trends show a deterioration of the health of Greeks in the years...