Pensioners

Can Greece Become the Florida of Europe?

The Greek government is drafting a bill that would create a favorable tax regime for foreign pensioners who decide to settle in Greece, it was revealed on Wednesday. According to the measures being drafted, Greece will provide a single tax...

Greek PM Offers Relief Measures as Elections Loom

Greek Prime Minister Alexis Tsipras on Tuesday unveiled several “relief measures,” including reinstating a benefit for pensioners who had their income slashed in 2012 and lowering value added tax (VAT) in some categories. Less than twenty days before the crucial...

Pensioners Now Greece's Largest Group Among Taxpayers

According to the latest data made recently available by Greece's Independent Authority for Public Revenue, pensioners are now the largest single group of taxpayers in Greece. In nine out of the thirteen regions of the country, pensioners now constitute the...

Greek Pensioners Rally Against Austerity

Hundreds of pensioners took to the streets of Athens on Saturday to protest against austerity and falling living standards. With the motto "We claim what was taken away from us," pensioners from around the country rallied at Klafthmonos Square. Later...

EU Approves Greek Budget, No Pension Cuts, PM says

Greece's Prime Minister, Alexis Tsipras, announced on Saturday that the European Union’s executive approved Greece’s first post-bailout budget without the requirement of implementing legislated pension cuts. Tsipras referred to the approval of the Greek budget as a "success," as he...

Greece Sees Highest Pension Spend in EU

Greece spends the highest percentage of its GDP on pensions compared to other European Union member states, Eurostat says. Despite the fact that pensions have been slashed dramatically during the economic crisis, the Greek state continues to give a large...

2017: The Year More Greeks Lost their Dignity

One of the (vague) election pledges of Alexis Tsipras was that his administration would restore the lost dignity of Greeks. That was also one of his slogans when he was negotiating with creditors before he brought back more of...

Greek Pensioners Protest Deep Cuts in Pensions, Health Care

Hundreds of pensioners protested in central Athens on Thursday against the new reduction in the pensions and cuts in health benefits. The elderly protesters marched toward the ministry of Health demanding a review of the cuts they say are included...

IMF Sees Fiscal Gap for Greece, Pension Cuts Might Come Sooner

The International Monetary Fund foresees a fiscal gap of 2.3 billion euros in the 2018 budget, which might mean that the pension cuts scheduled for January 1st, 2019 will be implemented earlier. Greek finance ministry sources downplay the IMF forecast...

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...