Finance Ministry grapples with escalating cost of pandemic
Pandemic drove 28.4 bln of bank loans into moratorium last year
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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
Crumbling Greek pension system threatens big fiscal gap, budget derailment
Social security funds (SSFs) are the weakest link among the main general government (gg) entities, showing a significant deterioration in their fiscal performance in the course of 2015 and creating a looming challenge for the coalition.
Based on the latest gg bulletin for July, SSFs posted a cash primary deficit of 458 million euros in the 7-month period from a surplus of 359 million in the corresponding period last year, which means there was a fiscal deterioration by 817 million year...
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