Pensions

Main opposition party the to SYRIZA-ANEL led government, New Democracy accused Greek government spokeswoman Olga Gerovasili of lying when she stated that pensions will not be cut again, noting that the budget signed recently by the government foresees new slashes...

Greek Government spokeswoman Olga Gerovasili reiterated on Monday the view expressed a day earlier by State Minister for Coordinating Government Operations Alekos Flambouraris that the solution for Greece’s ailing social security system is increasing revenues, not cutting main pensions. “Therefore,...

Greece needs to build a long-term, sustainable, less fragmented and more just pension system, European Commission Vice-President Valdis Dombrovskis told reporters on Monday. Dombrovskis spoke to the press on the sidelines of Monday's meeting of Eurozone finance ministers where Greece's...

A little over 30% of the total Greek population has a job, while almost 25% of it is composed by pensioners, according to the numbers included in a report published on Monday by Greek newspaper "Ta Nea." The Greek population was 10,816,286 according...

Greek Minister of Labor, Social Security and Social Solidarity Giorgos Katrougalos admitted on television that supplementary pensions will be cut completely and the main pension will be 390 euros. Interviewed on Star television, Katrougalos said that the Greek government has...

A hidden deficit of 8 billion euros is threatening to blow Greece's social security funds as more than 300,000 retirees have their pension applications pending. Furthermore, the deficit may throw off the 2016 state budget, as the total expenditure for...

Greece's Labor Minister Giorgos Katrougalos confirmed that there will be cuts on pensions over 1,000 euros, when initially it was said that only pensions over 1,500 euros would be affected. On Wednesday the minister said that his ministry will do...

Greece might need additional measures as 2015 will end with an estimated 0.5 percent primary deficit instead of the required 0.25 percent, says an International Monetary Fund report. According to the recent Fiscal Monitor, an IMF report on international economy, Greece...

Labor Minister Giorgos Katrougalos admitted on Thursday that there will be cuts on supplementary and high pensions. Katrougalos spoke to realfm radio and stated that it is impossible not to have any pension cuts because the bailout agreement requires a...

The Greek government in collaboration with the Hellenic Bank Association have decided to reopen about 1,000 bank branches on Wednesday that will cater for pensioners who do not use or possess debit cards. Greece's Finance Ministry announced on Tuesday that the branches will...