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Pensions
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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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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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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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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.
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
The government tabled in Parliament on Saturday night the Medium-Term Fiscal Strategy (MTFS) for 2018-2021 as the last article in the 275-page multi-bill containing the measures needed for the conclusion of the second programme review.
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Court ruling on pension cuts more political problem than legal obstacle for govt
The government insisted on Wednesday that the vote on the multi-bill is due to go ahead as normal next week despite the Court of Audit raising doubts about the pension cuts included among the measures that Greek MPs need to approve.
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Details of technical agreement between Greece and lenders set out in draft sMoU
The updated supplemental memorandum of understanding (sMoU), which was drafted following a technical agreement between Greece and its lenders, was leaked in Handelsblatt on Monday evening.
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Greece agrees package of measures with IMF, eurozone to seal review
Greek Finance Minister Euclid Tsakalotos emerged from talks with the institutions at around 6 a.m. on Monday to announce that there had been an agreement between the various participants.
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Athens and creditors get down to details in final stretch of review
The new round of discussions between the Greek government and the institutions’ mission chiefs began on Tuesday with the aim of reaching a staff-level agreement (SLA) in the next few days.
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Compromise proposal on table ahead of Friday's Eurogroup
Following a meeting in Brussels on Tuesday evening between representatives from the institutions and the Greek government, a compromise agreement on the fiscal measures beyond 2018 appears to be on the table.