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Pensions
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EconomyFeatures
Concerns raised about next year's pensions cuts Employees at Greece's main social security fund have raised the alarm regarding the extent to which pensions will be cut next year, when Greece is expected to trim its spending on retirees by 1 percent of GDP, or 1.8 billion euros.
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EconomyProgramme
Fiscal issues appear settled as Greece and institutions head for review deal There appears to have been a breakthrough in the negotiations between Greece and the institutions regarding fiscal issues, which would remove one of the biggest obstacles towards reaching a staff-level agreement on May 24.
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EconomyProgramme
Mission chiefs take up negotiations in Athens but focus on IMF's decision The institutions’ mission chiefs are due to begin talks with Greek government officials in Athens on Wednesday with the aim of reaching a staff-level agreement by next week.
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PoliticsGreek Politics
Pension cuts due in 2019 fuel political battle, election talk The pension cuts that have been lined up for 2019 are becoming an increasingly hot topic in the Greek political debate, with some government officials leaving open the possibility of the blow to pensioners being avoided.
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EconomyMacroeconomy
Spending on pensions down by 30.9 mln in December The Labour Ministry's Computer Centre for Social Security Services (IDIKA) published recently a report from the Unified System of Control and Pension Payments (ILIOS), which estimates pension payments on a monthly basis.
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Society
Pensions continue to be main source of income for half of Greek households A household survey by the Small Enterprises’ Institute (IME) of the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE) has found that while the economy is expected to stabilise, expectations for the future remain low.
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Society Despite cuts, pension system still at risk due to old-age dependency The Organisation for Economic Co-operation and Development’s (OECD) pension reform report revealed that on a global level, the organisation believes that further reforms are required to balance the impact of ageing populations.
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EconomyProgramme
Strike legislation, auctions present Athens with challenges in wake of SLA Despite reaching a staff-level agreement (SLA) with its lenders a few days ago, the Greek government continues to face challenges in implementing some of the commitments it made to the institutions.
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PoliticsGreek Politics
Mitsotakis rules out roles for relatives, Tsipras mulls way out of pension cuts New Democracy leader Kyriakos Mitsotakis caught the headlines over the weekend by pledging to exclude his sister, former foreign minister Dora Bakoyannis, and other relatives from government if he comes to power.
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EconomyProgramme
Sub-tranche for arrears approved as round of review talks draws to close The European Stability Mechanism board of directors approved on Thursday the disbursement of the remaining 800 million euros in bailout loans as talks concerning the third review progressed in Athens.