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Debts to Greek Security Funds Reach €33.6 Billion

The total debt to all Greek security funds reached 33.62 billion euros at the end of 2015, according to a Naftemporiki newspaper report. About 90% of the total debt from security fund contributions, or 30 billion euros approximately, are debts...

Greek Public Debt Management Agency Asks Security Funds to Buy Repos

The Public Debt Management Agency and the Labor Ministry have asked security funds to buy government repos in order to avoid potential liquidity problems. According to an Eleftheros Typos newspaper report, the PDMA and the Labor Ministry have asked 15...

Greek PPC Power Cut Results in Death of Quadriplegic Woman

A 56-year-old woman died in the area of Chania, Crete, due to a power cut. She had been quadriplegic for 20 years and was living on mechanical support. According to Greek news, the woman had a live-in nurse who was taking care...

Greek Pension Funds Have 2B Euro Deficit

Without finding additional financing to fill what could be a reported two billion euro ($2.73 billion) gap, there is a risk the government won’t be able to keep paying pensions after the end of the year, officials said. The deficit,...

Greek Pension Funds On The Brink

Greece's crushing economic crisis has put a big dent in the pension fund system which has a reported shortfall of up to 2.5 billion euros ($3.26 billion) while the National Organization for Healthcare’s (EOPYY) deficit is expected to be...

Insurance Fund Debts Deprive Pensioner of Oxygen Device in Rhodes

An elderly pensioner voiced a cry of distress at two local media agencies in the island of Rhodes over his being deprived of the life-supporting oxygen device due to his insurance fund debts to the respective medical supplier. Emmanuel Taktikopoulos,...