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Greeks Called Upon to Pay €4.5 Bln in New Austerity Measures

Greek taxpayers and pensioners are called upon to pay over 4.5 billion euros after the reduction of the tax-free income and pension cuts in...

Omnibus Bill Tabled in Greece’s Parliament Late Saturday

The omnibus bill on the changes in pensions, measures for the fiscal target and reforms along with measures for the social support and labour...

New Austerity Measures for Greece Include Pension Cuts, Lower Tax-Free Income

The Greek government on Tuesday agreed with international creditors on new austerity measures in order to close the second review of the bailout program,...

Junker on Greek Debt: ‘No Major Cuts in the Pension Sector Should be Pursued...

As the institutions suggest more pension cuts for Greeks in order to cut back on government spending, the chief of the European Commission, Jean-Claude...

Greek Government Rushes to Close Evaluation, Sign Fourth Memorandum

A draft of the fourth Memorandum of Understanding between Greece and international creditors which includes unpopular austerity measures is at the Ministry of Finance. The...

Labor and Social Security Ministry Announces Cuts to New Retirees’ Pensions

Greeks who have retired after May 13, 2016 are facing cuts to their pensions, a new circular issued by the Labor and Social Security...

BoG Chief: Greece’s Pension System Is Bankrupt, Reforms Necessary

Greece's current pension system is bankrupt and in need of reforms, such as raising the age of retirement to 70, said Bank of Greece...

Greek Lawmakers Excluded From Pension Cuts Unlike Ordinary Greek Citizens

The pensions of members of parliament and elected local government officials are excluded from the cuts that apply under the bailout program. According to an...

Greece-Creditors Still Fail to Close Gap in Bailout Review Negotiations

Greece and international creditors continue to disagree on several issues of the bailout program as Sunday's talks failed to bridge the gap between the...

Gap Between Greece-Creditors Remains After 5 Days of Talks

No progress has been made after the fifth day of negotiations between Greece and creditors over the bailout program review, according to sources close...

Greece’s Demographic Problem Affects Pension System

The demographic problem in Greece and the serious consequences it has on security funds was a subject discussed at the 2nd Delphi Economic Forum. Demographics...

Labour Ministry Amendment to Correct Problem with Index for Calculating Pensions

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,...

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