S&P sees improved fiscal and growth prospects, raises credit rating to 'B'
BoG sees recovery strengthening, proposes post-MoU safety net
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
New round of cuts in supplementary pensions
The Unified Auxiliary Insurance Fund (ETEA) confirmed on Wednesday that 230-240,000 supplementary pensions, around 20 percent of the total number of 1.24 million, will be downward adjusted.
ETEA said that the first group involved pensioners of eleven auxiliary funds that have been consolidated into ETEA during 2012-2013. From a total of 311,680 pensions of those funds, 66,900 (21 percent) were trimmed in August.
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