Referendum call stretches state liquidity, pensioners first to bear the brunt

EconomyProgramme Tags: Pensions
Photo by Damian Mac Con Uladh
Photo by Damian Mac Con Uladh

The imposition of capital controls accompanied by a bank holiday for 6 working days starting from June 29 until July 6 had a series of negative repercussions on the life of Greek citizens and the economy.

One of those that were mostly hit were pensioners. The bulk of main pensions, mainly related to two specific categories - public sector and the largest private sector pension fund (IKA) – were credited to pensioners’ bank accounts last Friday afternoon....

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