Greece

Greek Prime Minister Alexis Tsipras is to call a meeting with party leaders and ask them to vote in favor of the unpopular security fund reforms required. The coalition government majority has dwindled down to 153 votes after the vote...

Insurance funds are in danger of suffocation, as in the last three months of 2014 there was a deficit of 400 million euros. From October onwards, there is a recorded lag of 16- 17% in expected revenue, thus creating a...

Latest data released by the Ministry of Labor show that debts towards the insurance funds in Greece amount to 10.5 billion euros. The funds that are damaged the most are IKA-ETAM, self-employment fund OAEE and farmer pension fund OGA. The greater...

Greek Social Security Funds (POPOKP) 30th Congress of Employees, presented figures which show that social security funds in the country have recorded losses of 33 billion euros during the past six years of the financial crisis . At the same...

The economic situation of the insurance system shows a rapid deterioration, with a dramatic decline of revenues and a sharp increase of overdue debts. These developments will inevitably lead to new cuts, firstly in the supplementary pensions with lump-sum payments...

The Republic of Cyprus ranked first, and Greece third, among EU member states in  cumulative payments made from the European Social Fund in 2018. This disclosure comes from a statement made by the Cypriot Labor, Welfare and Social Insurance...

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...

Overtaxed Greek citizens are having difficulty meeting their obligations with the Greek tax department. In May, taxation and businesses, according to data released by the General Secretariat of Public Revenue, left 1.25 billion euros worth of unpaid taxes. Overdue...

The insurance funds’ deficit has reached 13.88 billion euros and it is threatening the pensions of Greek citizens. Out of the total 1 billion euros came from delayed lump sums, as well as main and supplementary pensions that the...

While the third Greek bailout is now law of the land in Greece, the country's social security funds seem to be struggling to stay afloat. Greece's Social Security Institute (IKA) had made a request for a 180-million-euro loan to the Generational Solidarity Insurance Fund...

"There is an intense cash flow problem and this leads to restrictions on withdrawals and the queues outside the banks. It means that there is not enough money in the banks and for this reason we closely monitor transactions....

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...

Outstanding debts to security funds in Greece reached 13.5 billion euros in November, compared to 11.485 billion in October, according to latest figures. Almost 1.8 billion euros owed to the Freelancers Security Organization (OAEE), were transferred to the Security Fund...

Nearly 13,000 people have applied to settle overdue debts to social security funds since a new payment plan was introduced two weeks ago, with numbers of applicants rising daily, authorities said on Thursday. The Greek center that processes such debts...

Greek Health Minister Makis Voridis presented an electronic Health Insurance File for each individual patient covered by Greece 's National Organization for the Provision of Healthcare Services (EOPYY), which he said would allow careful control and cross-checking of all...