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Pensions
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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.
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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.
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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.
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EconomyProgramme
Eurogroup suggests there is scope for pension cuts to be called off The Greek government was given the clearest indication yet on Monday that its European lenders may agree to its request to scrap the pension cuts that are due to be implemented from the start of next year.
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EconomyProgramme
Athens prepares 2019 draft budget amid pension cuts dilemma The Greek government is set to take the next step in its efforts to call off next year’s pension cuts, when it submits the draft 2019 budget but finds itself in a delicate balancing act between domestic political pressures and the creditors’ concerns.
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PoliticsGreek Politics
Lenders set to keep coalition waiting for answer on pension cuts The Greek government is likely to have to wait until the December 3 Eurogroup until it finds out whether its request for next year’s pension cuts to be shelved will be accepted by the country’s lenders.
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EconomyProgramme
Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance Finance Minister Euclid Tsakalotos is due to speak with investors in London on Thursday but it is the discussion with the institutions over next year’s pension cuts, rather than market access or investments, that is topping the agenda at home.
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EconomyProgramme
No imminent decision on pension cuts as Athens moves ahead with minimum wage increase The latest indications received by the Greek government from its lenders suggest that a final decision on whether next year’s pension cuts will have to be implemented will not be taken before the Eurogroup meeting on December 3.
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PoliticsGreek Politics
Mitsotakis prepares to unveil economic plans, leave imprint ahead of elections This weekend will mark Kyriakos Mitsotakis’s turn to try to impress voters as he takes to the stage at the Thessaloniki Expo (DETH) a week after Prime Minister Alexis Tsipras.
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EconomyProgramme Lenders' visit concludes with no firm answer on pension cuts The first post-programme inspection by the institutions is due to be wrapped up on Friday with no final decision on whether the pension cuts due to be implemented next year will be called off, but with the Greek government confident that it will be granted this concession by its lenders.