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Deposits continue to slide in Feb as households and firms dip into savings -
Lending to corporations drives credit expansion of 3.8 pct YoY in Feb -
Small gains for building activity in Dec, up 7.1 pct in full 2023 -
Economic sentiment and consumer confidence gain ground in March -
Travel balance surplus more than doubles YoY in Jan -
Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
High unemployment, falling wages damaged sustainability of largest Greek pension fund
Employees insured with IKA, the largest main social security fund in Greece, lost more than 10 billion euros in annual wages over the last 5 years, according to the Federation of IKA employees (POSE-IKA).
At the same time, their annual social security contributions have dropped by almost 5 billion euros over this period, reducing IKA revenues accordingly.
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