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IMF Wants Pension Cuts and VAT Raise for Greece

International Monetary Fund Managing Director Christine Lagarde suggested to Greek Finance Minister Yanis Varoufakis to raise VAT and cut pensions, according to DPA news agency. Varoufakis...

German Chancellor Asked Greek Prime Minister to Reduce Pensions

German Chancellor Angela Merkel asked Greek Prime Minister Alexis Tsipras to reduce pensions, said Deputy Finance Minister Dimitris Mardas. Speaking on Greek television on Monday, the Deputy...

Greek Deputy Health Minister: Govt will not Cut Pensions

Greek Deputy Health Minister Dimitris Stratoulis ruled out on Friday the possibility of further cuts in main or supplementary pensions or a retirement age raise. "There...

Greece Spends More on Pensions Than Most Countries

Greece comes second on pension spending, according to an Organization for Economic Co-operation and Development (OECD) report. Greek pensioners, however, may have to...

Hardouvelis: ‘All Issues Under Negotiation to Be Laid on the Table’

Greece’s Finance Minister Gikas Hardouvelis has said that he is optimistic about the outcome of today's negotiations with international creditors. The minister delivered the...

Survey: High Unemployment and Rising Deficits of Social Security Funds

The General Confederation of Greek Workers (GSEE) revealed data showing a huge decline in income for most Greek wage earners during the crisis. The data...

Greek Armed Forces Protest Merging of Pensions; Prepare For Strike

Members of the Greek armed forces protested in Athens on Wednesday morning against the Greek government's plans to merge their auxiliary pension funds with others. According...

Four Years in Waiting for Pensions in Greece

About 350,000 Greek retirees have been waiting in lines anywhere from six months to four years, looking for someone in the Greek public sector...

New Cuts and No Pension Before 62

The social security issue is once again on the table after the statements of the Finance Minister Yiannis Stouraras, and of the Labor Minister...

Nursing Homes Emptying During Crisis

More and more Greek families are relying on their elderly relatives'  pensions. With soaring unemployment and reduced salaries and allowances, pensions of a few...

Greek Pensioners Could Lose 50% of Lump Sum – Retroactively

Greek pensioners who have had money deducted from their salary for years for a lump sum payment to be awarded when they retire would...

Greek Crisis-hit Donkeys Immigrate to the UK For a Better Life

Like thousands of his compatriots, Christoforos, was forced to immigrate and move to the UK for a better[...]

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