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Pensions
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Economy
Court verdict on 2016 pension reform seen having fiscal impact Rulings from the Council of State just published deem parts of the 2016 pension reform, known as the Katrougalos law, unconstitutional and mean the new government will have to redesign parts of the social security system and incur a reported annual fiscal of around 300 million euros.
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PoliticsGreek Politics
ND defends plans for three-pillar pension system as SYRIZA looks for weak spot The future of Greece’s pension system was in the election campaign spotlight on Wednesday as SYRIZA tried to challenge New Democracy over its plans for a three-pillar scheme.
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EconomyProgramme
EC warns budget not on track due to handouts, advises against further underspend Greece’s official creditors have recently expressed at various levels their concerns about whether the country will be able to meet its fiscal commitments after adopting a new batch of expansionary measures last month, so it was no surprise that this issue was explored extensively in the latest post-programme surveillance report published by the European Commission.
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EconomyProgramme
Institutions warn of fiscal target being missed, reforms slowing The European Commission issued on Wednesday its third report of the enhanced surveillance period, highlighting concerns about the fiscal impact of the government’s expansionary measures and noting a slowdown in reforms.
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EconomyProgramme
Athens moves ahead with expansionary measures as it waits for lenders' response The Greek government is set to find out this week what the institutions think about the package of positive measures submitted to Parliament on Monday and due to be voted into law by Wednesday.
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PoliticsGreek Politics![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2014/08/18/zappeio_myrto_1808-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Tsipras tries to entice voters with VAT cuts and pension bonuses Prime Minister Alexis Tsipras unveiled on Tuesday at a press conference the package of fiscal expansionary measures that the government has been planning for the last few months, hoping that this will sway voters ahead of the May 26 European and local elections, as well as the national vote later this year.
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Economy
Dispute over pensions backlog as future burden from retirees highlighted Pensions were once again in the news in Greece this week thanks to a combination of growing overdue pensions applications and further warnings over the burden Greece faced in the future over its pension payments.
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EconomyMacroeconomy
Pension outlay still falling, 40.4 pct of main monthly payments below 500 euros The Labour Ministry's Computer Centre for Social Security Services (IDIKA) most recent report from the Unified System of Control and Pension Payments (ILIOS), which estimates pension payments on a monthly basis, showed that a total of 4.5 million pensions were paid in September 2018.
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EconomyProgramme
New court verdict adds to concern about impact of backpay on fiscal balance Another court decision on backpay has revived fears that in the months to come the Greek government could be facing an additional spending outlay that may threaten to derail plans to maintain a primary surplus of 3.5 percent of GDP until 2022.
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EconomyProgramme
Athens moves quickly to scrap pension cuts as Eurogroup inches forward on euro reform The Greek government wasted no time following the conclusion of the Eurogroup on Tuesday, as it submitted to Parliament draft legislation that will lead to the pension cuts that had been lined up for next year being cancelled.