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security funds

Greek Farmers Respond to the Government

Even though PM Alexis Tsipras invited the Greek farmers to an open dialogue regarding the hot issue of the pension reform plan and the security funds, the farmers appear uncompromising to their stand. According to Tsipras, there is room for...

Greek PM: Government Will Meet All Commitments on Time

Greek Prime Minister Alexis Tsipras appeared confident during his cabinet meeting saying that all the government's commitments will be met on time. "We have paved the way in order for the program review to be completed on time," Tsipras said...

Greece's Creditors Suggest Spending Cuts Instead of Tax, Contribution Hikes

Creditors suggest that Greece should proceed with government spending cuts instead of raising taxes and contributions in order to save security funds. According to a new report by the European Central Bank, at this point the Greek government must proceed...

Tempe Highway Blocked Indefinitely; Greek Farmers Intensify Their Blockades

The farmers decided on Tuesday to show their unwillingness to back down on their demands by shutting down indefinitely the Tempe highway. The highway was expected to shut down for 24 hours on Monday night, however the farmers proceeded...

Greek Farmers Intensify Blockades

The Greek farmers unions have decided to intensify blockades during the weekend and for an indefinite period of time, while tractors filled the main roads of Thessaloniki stopping traffic. Several key points of Greece's main thoroughfares will be blocked for...

IMF Chief: Security Fund Reforms are Linked to Greek Debt Easing

Greece will need debt relief along with deep security fund reforms in order for the pension system to be sustainable, said International Monetary Fund Managing Director Christine Lagarde. The IMF head gave a web press conference where she was asked,...

Greece Is 'Closed' for the Day

Thursday's 24-hour strike launched by almost all professional groups, workers, public sector employees and mass transport services leaves Greece paralyzed for the day, while dozens of thousands of people took it to the streets in protest. The Greek government's proposal...

Greece's Creditors Remain Strict in Bailout Program Negotiations

The quartet of Greece's creditors remained adamant in their positions after nine hours of negotiations with Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis that ended on Wednesday night. According to a source close to the talks, on the...

Thousands of Greek Businesses Relocate to Bulgaria

Almost 6,000 Greek businesses have relocated to Bulgaria in the last two years alone, says the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE). In addition, about 60,000 Greeks have registered new companies in Bulgaria's tax offices or opened accounts...

Greece Proposes Raising Top Rate Income Tax to 50%

Greece proposed to its creditors on Tuesday raising the top rate of personal income tax to 50 percent in order to avoid increases in social security contributions. The top rate of personal income tax now stands at 42 percent and...