Calamos Supports Greece

Pensions

Greek Pension Cuts 'Maybe Cancelled' – Report

A report by the Athens-Macedonia News Agency (AMNA) says that the pension cuts scheduled to come into effect from the beginning of 2019 maybe cancelled in agreement with Greece's lenders. The semi-official agency quotes unnamed sources saying that the "institutions...

What's Been Agreed Has to Be Implemented, Juncker Says on Greece's Pension Cuts

The President of the European Commission, Jean Claude Juncker, held an interview with journalists following his State of The Union speech in the European Parliament. Mr Juncker was asked by a Kathimerini journalist about the issue of the upcoming cuts...

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...

Minister Admits Cuts Will Also Hit Greek Pensions Under €1,000

As elderly Greeks face losing up to €350 ($416) per month when new pension cuts are implemented as of Jan. 1, 2019 a government minister has confirmed that pensions under €1,000 will also be included. Deputy Minister for Social Security Tasos Petropoulos...

Greek Pensioners Face Losses of Up to €350 per Month in 2019 Cuts

Greek pensioners are about to lose up to €350 ($416) per month when new pension cuts are implemented as of Jan. 1, 2019. Finance Minister Euclid Tsakalotos has admitted that the new year will find Greek pensioners seeing cuts in...

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...

About 100,000 Greeks Receive their Pensions from the German State

100,000 Greek citizens are receiving their pensions from the German state, wrote German newspaper Rheinische Post. Rentenversicherung data shows that the number of Greek pensioners eligible for a German pension has more than doubled since 1990, the year of German reunification,...

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...

German FinMin: It was the Greek Gov't that Chose to Cut Pensions

It was the Greek government that chose to cut pensions to meet fiscal targets, not the creditors' suggestion, German Finance Minister Wofgang Schaeuble said in an interview published on Saturday. Speaking to Greek newspaper Ta Nea , the German finance...

Population of Care Homes in Greece Affected by Economic Crisis

The care home population in Greece has been affected by the economic crisis, even though public and private homes for the elderly are full. According to a 2015 Help Age International report, Greece is one of the worst countries for...