Calamos Supports Greece

social security fund

More Than 90,000 People Still Waiting for EFKA Pay Notice

There are still some 90,000 workers in wait for their pay notices for the new Single Social Security Contribution (EFKA). The deadline for payments of January's social security payments is the end of this week, which has already been extended. Now,...

IMF Returns to Greece on January 18 for Bailout Program Review

The International Monetary Fund (IMF) returns to Athens on January 18, represented by Delia Velculescu heading a ten member staff, in order to review the progress of the implementation of Greece's bailout program. According to Greek media, the Fund officials aim...

Creditors Disagree with Greece's Proposals on Security Fund Reform

There are several differences between Greece and creditors regarding security fund reforms after the Greek government made its proposal public on Monday. Athens is bound to overhaul its security fund system as an important part of the bailout program requirements....

Pension Cost in Greece Reaches 16-Year High at €28 Bln Annually

As the number of pensioners in Greece increases rapidly, pension costs reach a 16-year high at 28 billion euros per year. While creditors press for pension cuts and a stop to early retirement, the cost of pensions puts security funds...