High participation rate helps bond swap tick box
Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Greece completes first bond issue in three years, eyes more on way out of programme
Pending pensions mount up, complicating fiscal effort
During the recent annual conference organised by the Confederation of Social Security Workers (POPOPK), its chairman provided an update on the key pension fund figures, which continue to demonstrate a bleak outlook for the Greek social security sector.
The estimated 2016 deficit for the two main pension funds, the Social Security Institute (IKA) and the Freelancer Insurance Organisation (OAEE), stands close to 3 billion euros. The majority (2.16 billion euros) of this stems from IKA and 670 million fr...
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