Greece

Greece will meet the 3.5 percent primary surplus target for 2019 and therefore no pension cuts will be needed, said European Commission Vice President Valdis Dombrovskis on Thursday. He spoke in response to a question posed by the Greek Member...

The largest union representing public sector employees in Greece has called for a 24-hour strike on Wednesday. ADEDY, which represents about half a million public sector workers, is demanding wage and pension increases. It wants the left-led Syriza government to retract...

The decision on whether Greece will have to implement previously agreed-upon pension cuts will likely be made in mid-November, according to a report on Friday by Greek daily Kathimerini, quoting a senior EU official. The official said an additional Eurogroup...

ADEDY, Greece’s largest public sector union will stage a 24-hour walkout on November 14 to demand wage and pension increases, hirings and tax cuts. “Now that we’ve become a normal country with a normal government which is no longer supervised...

The European Commission has dismissed the report by the Athens-Macedonian News Agency (AMNA) that claimed that Greece's creditors have agreed to cancel the pension cuts due to come into effect in January. Commission spokesman Alexander Winterstein, asked to comment on...

As elderly Greeks face losing up to €350 ($416) per month when new pension cuts are implemented as of Jan. 1, 2019 a government minister has confirmed that pensions under €1,000 will also be included. Deputy Minister for Social Security Tasos Petropoulos...

Hundreds of pensioners protested in central Athens on Thursday against the new reduction in the pensions and cuts in health benefits. The elderly protesters marched toward the ministry of Health demanding a review of the cuts they say are included...

100,000 Greek citizens are receiving their pensions from the German state, wrote German newspaper Rheinische Post. Rentenversicherung data shows that the number of Greek pensioners eligible for a German pension has more than doubled since 1990, the year of German reunification,...

It was the Greek government that chose to cut pensions to meet fiscal targets, not the creditors' suggestion, German Finance Minister Wofgang Schaeuble said in an interview published on Saturday. Speaking to Greek newspaper Ta Nea , the German finance...

Pensions in Greece have decreased substantially over the last few years as the financial crisis has dictated the government's commitments to its foreign lenders as part of the bailout program and according to data from the midterm fiscal plan...

Greece's creditors ask for the "freezing" of pensions for an additional year -- until 2022 instead of 2021 -- as a prerequisite to close the second review of the bailout program. This new requirement comes as a result of the...

Greeks who have retired after May 13, 2016 are facing cuts to their pensions, a new circular issued by the Labor and Social Security Ministry on Thursday. There are some 55,000-60,000 newly retired Greeks that will see cuts averaging 15-20...

One of the biggest thorns in the negotiations between Athens and international bailout auditors is Greece's pension expenditure, highlights a Bloomberg report that presents a graph depicting the percentage of GDP spent on pensions by Eurozone countries. The report states...

Greece's labour ministry on Friday tabled a last-minute amendment that aims to correct a problem that has arisen with the formula for calculating pensions, following an announcement by Greece's statistical agency ELSTAT earlier in the day that it lacked...

The International Monetary Fund (IMF) wants Greece to legislate a lower tax-free threshold and pensions which would be implemented in the “near future” and after the economy has started recovering, its spokesman Gerry Rice said at a regular press...