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Pensions
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PoliticsGreek Politics
Flagship pension reform hits snag over transition cost The government has hit a stumbling block over its flagship pension reform because of concerns among Greece’s lenders regarding the cost of a transitioning to a new system for supplementary retirement pay.
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PoliticsGreek Politics
Govt talks up benefits of pension reform as Delta variant concern grows The government has launched its attempt to win the public relations battle over the next major element of its summer reform drive, the proposed changes to the supplementary pension system.
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PoliticsGreek Politics
Govt views pandemic window as opportunity to advance contentious reform agenda With the approval of the national recovery plan and the passage of the labour reform bill capping an eventful week in Athens, PM Kyriakos Mitsotakis appears determine to plough on this week with a series of emblematic reforms and announcements before the summer recess.
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Economy
Covid recession bumped pension spending to 18 pct of GDP in 2020 Total age-related expenditure amounted to 26.4 percent of gross domestic product last year, according to figures in the Finance Ministry’s Stability Programme.
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PoliticsGreek Politics
Uptick in Covid-19 cases prompts caution as govt prepares to tackle pension backlog The government is set to brief opposition parties on Wednesday about the latest developments on the Covid-19 front following a new rise in cases that is causing concern among officials and health experts.
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PoliticsGreek Politics
PM identifies pending pensions as key problem, while row brews over media law Prime Minister Kyriakos Mitsotakis has identified clearing the pensions backlog as one of the government’s priorities for 2021 after New Democracy struggled to live up to its pledge to ensure retirees receive their payments in less time than in the past.
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EconomyProgramme
Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions Greece officially completed its seventh post-programme review on Wednesday, when the European Commission released the relevant report.
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PoliticsGreek Politics
PM seen boosting powers despite making minor alterations to cabinet The new, and promoted, members of Kyriakos Mitsotakis’s cabinet were sworn in on Wednesday after the first, and minimal, reshuffle since New Democracy came to power.
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PoliticsGreek Politics
Govt offers pensioners 1.4 bln in backpay, opposition questions decision The long-awaited decision on compensating pensioners for retirement pay cuts ruled unconstitutional by Greece’s highest administrative court was unveiled by PM Kyriakos Mitsotakis in Parliament on Wednesday.
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PoliticsGreek Politics
Athens hoping for de-escalation in Aegean as it seeks pension backpay solution There was a slight de-escalation in Greece’s latest stand-off with Turkey in the Aegean over the weekend, following a particularly tense few days for Athens.