Tags
Pensions
RSS-
Economy
Appeals over past pension cuts sow confusion about potential fiscal impact of backpay Two recent decisions by first instance courts in Thessaloniki and Athens that awarded pensioners backpay for income lost due to the pension cuts in 2012 has put the spotlight back on a decision by the Council of State (CoS) in 2015 that deemed the pension cuts which were legislated in two instances in 2012 as unconstitutional.
-
EconomyProgramme
Lenders focus on closing any fiscal gap for 2019 ahead of November 19 Eurogroup Monday’s Eurogroup did not provide any definitive answers regarding the negotiations between Greece and the institution over the 2019 budget but the indications are that Athens will be allowed to scrap next year’s pension cuts if it can re-assure the lenders that the 3.5 percent of GDP primary surplus will not be put at risk.
-
EconomyProgramme
Athens ready to start legislating fiscal measures despite ongoing talks over 2019 budget All eyes will be on the dispute of Italy’s budget at Monday’s Eurogroup, but in Greece the government is preparing to start legislating fiscal measures even though the disagreement over its own economic plan for 2019 does not seem to have been settled yet.
-
EconomyProgramme
IMF distances itself from budget talks, leaving Athens and EU to hammer out deal The International Monetary Fund has officially indicated that although it believes Greece should implement the pension cuts it has agreed for next year, it will leave it up to Athens and its European lenders to come to an arrangement over the 2019 budget.
-
EconomyProgramme
Athens aims for November agreement with lenders on pension cuts It appears that Greece and its European lenders will attempt to settle the pension cuts issue at a special Eurogroup meeting that is due to take place on November 19 with the primary aim of preparing eurozone reform measures for the European Council to discuss in December.
-
PoliticsGreek Politics
As budget talks drag on, parties focus on inflicting damage via graft claims In the absence of a concrete agreement with the institutions over whether next year’s pre-legislated pension cuts can be cancelled, the domestic political agenda is being taken up by the parties trading accusations over alleged corruption.
-
EconomyMacroeconomy
Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap Comments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts.
-
EconomyMacroeconomy
Pensions spending stable but early retirees burden system The Labour Ministry's Computer Centre for Social Security Services (IDIKA) recently published a report from the Unified System of Control and Pension Payments (ILIOS), which estimates pension payments on a monthly basis.
-
EconomyProgramme
Athens edges towards compromise on pension cuts but may have to plug fiscal gap It appears that the institutions are set to grant the Greek government’s request regarding the cancellation of the pension cuts that were due to kick in next year, but reports suggest that Athens and its lenders may still need to agree on a way to bridge an apparent fiscal gap in 2019.
-
PoliticsGreek Politics
Coalition hopeful on pensions, looks to maximise impact of limited relief measures The Greek government is becoming increasingly optimistic that it can avoid next year’s pension cuts and is starting to focus on how it can maximise the positive political impact of the pared down compensatory fiscal measures it will be able to implement if European lenders agreed to Athens’s request to scrap the reduction to spending on retirees.