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Pensions
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Society
Despite cuts, pension system still at risk due to old-age dependency The Organisation for Economic Co-operation and Development’s (OECD) pension reform report revealed that on a global level, the organisation believes that further reforms are required to balance the impact of ageing populations.
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EconomyProgramme
Strike legislation, auctions present Athens with challenges in wake of SLA Despite reaching a staff-level agreement (SLA) with its lenders a few days ago, the Greek government continues to face challenges in implementing some of the commitments it made to the institutions.
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PoliticsGreek Politics
Mitsotakis rules out roles for relatives, Tsipras mulls way out of pension cuts New Democracy leader Kyriakos Mitsotakis caught the headlines over the weekend by pledging to exclude his sister, former foreign minister Dora Bakoyannis, and other relatives from government if he comes to power.
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EconomyProgramme
Sub-tranche for arrears approved as round of review talks draws to close The European Stability Mechanism board of directors approved on Thursday the disbursement of the remaining 800 million euros in bailout loans as talks concerning the third review progressed in Athens.
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EconomyProgramme
Athens expects 800 mln sub-tranche as review talks progress The European Stability Mechanism’s (ESM) board of directors is due to meet on Thursday and is expected to approve the disbursal of the 800-million-euro bailout sub-tranche that has been pending since the summer.
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EconomyMacroeconomy
Athens rushing to reduce arrears and secure 800 mln in bailout funds The Greek Finance Ministry finds itself in a race against time to meet the target of paying back some of its arrears to the private sector and secure the last part of the European Stability Mechanism disbursement worth 800 million euros.
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Society Greek demographic ratios among the worst in Europe According to a new report by the Berlin Institute for Population and Development, Greece is set to have one of the worst population demographics in Europe by 2050.
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Legal
The Court of Audit's opinion on new pension cuts and its implications According to article 73(2) of the Greek Constitution: “Bills referring to the definite attribution of pensions and to the conditions for such an attribution are only introduced by the Minister of Economics following a Court of Audit’s Opinion respectively (…)”.
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EconomyMacroeconomy
Labour Ministry publishes latest pension breakdown The Labour Ministry's IDIKA bulletin showed that annual pension cost for social security funds stands at 28.11 billion, or 16 percent of GDP.
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EconomyProgramme
Finance Ministry details impact of pension interventions, sees 2021 social budget surplus at 3.17 bln The Finance Ministry tabled a legislative improvement in the multi-bill with prior actions, presenting the impact of the 2015-2016 social security fund interventions up to 2021.