Talks to begin on plan to rescue PPC from dire financial straits
PPC, Hellenikon present government with first test of problem solving mettle
National Bank first to test market waters in post-election afterglow
BoG report highlights economic challenges, proposes way forward
Annual report shows majority of debt in official hands on favourable terms
BoG notes economic progress, urges safeguarding of fiscal credibility
Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
Two recent decisions by first instance courts in Thessaloniki and Athens that awarded pensioners backpay for income lost due to the pension cuts in 2012 has put the spotlight back on a decision by the Council of State (CoS) in 2015 that deemed the pension cuts which were legislated in two instances in 2012 as unconstitutional.
This, in turn, has placed the focus on the potential fiscal implications of this decision for the pension system.
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