Calamos Supports Greece

Pensions

IMF Wants Pension Cuts and VAT Raise for Greece

International Monetary Fund Managing Director Christine Lagarde suggested to Greek Finance Minister Yanis Varoufakis to raise VAT and cut pensions, according to DPA news agency. Varoufakis and Lagarde talked for 2.5 hours on Sunday in Washington, DC and the Greek finance...

German Chancellor Asked Greek Prime Minister to Reduce Pensions

German Chancellor Angela Merkel asked Greek Prime Minister Alexis Tsipras to reduce pensions, said Deputy Finance Minister Dimitris Mardas. Speaking on Greek television on Monday, the Deputy Minister referred to the recent meeting of the two countries' leaders in Berlin and the...

Greek Deputy Health Minister: Govt will not Cut Pensions

Greek Deputy Health Minister Dimitris Stratoulis ruled out on Friday the possibility of further cuts in main or supplementary pensions or a retirement age raise. "There are no cuts in our government for pensions, neither in the main, nor in the...

Greece Spends More on Pensions Than Most Countries

Greece comes second on pension spending, according to an Organization for Economic Co-operation and Development (OECD) report. Greek pensioners, however, may have to wait up to three years until they get the first full pension check. The countries spending...

Hardouvelis: 'All Issues Under Negotiation to Be Laid on the Table'

Greece’s Finance Minister Gikas Hardouvelis has said that he is optimistic about the outcome of today's negotiations with international creditors. The minister delivered the statement after a meeting with Prime Minister Antonis Samaras at Maximos Mansion yesterday evening. Hardouvelis declared...

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 shows that approximately a million jobs have already been lost, while it warns for a new...

Greek Armed Forces Protest Merging of Pensions; Prepare For Strike

Members of the Greek armed forces protested in Athens on Wednesday morning against the Greek government's plans to merge their auxiliary pension funds with others. According to the president of the Panhellenic Federation of Police Officers, Christos Fotopoulos, Greek police officers...

Greeks Eligible for German Pension

Many Greeks who worked in Germany and previously did not meet the criteria, can now apply to receive a pension from the German state. Members of “Hellenic Silvestars Association” stated that the main difference in the German system today, is...

Four Years in Waiting for Pensions in Greece

About 350,000 Greek retirees have been waiting in lines anywhere from six months to four years, looking for someone in the Greek public sector to inform them on when they will start receiving their pension. The debt to unpaid pensioners...

New Cuts and No Pension Before 62

The social security issue is once again on the table after the statements of the Finance Minister Yiannis Stouraras, and of the Labor Minister Yiannis Vroutsis in Parliament. Mr. Vroutsis made clear, that the law will be strictly implemented...