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Some key tasks pending as Greece edges closer to completing post-programme process
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PBO highlights exceptional factors supporting recovery, cautions against complacency
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Govt grabs opportunity offered by escape clause to entice voters with support package
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Recovery in car sales slows to 2.7 pct in August
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Rise of property prices continues with 4.6 pct increase in Q2
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Strong response to dual bond transaction takes 2021 debt issuance to 14 bln
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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