Labor Minister Domna Michailidou has called pensioners to return to work and used her mother as an example that those over 70 are fit to work. “My 72-year-old mother, she is full of energy and she would like a job,” the minister told Skai TV on Saturday. A recent legislation …
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Labor Nightmare: Greeks can work 16h/day for 2 different employers
“We will establish the possibility for a worker to work for multiple employers. He can work 2 eight-hour shifts for 2 different employers and it’s perfectly legal,” Greece Labor Minister Adonis Georgiadis announced on Friday. The 16-hour work day will be provided for by a bill, which is already ready, …
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Pensioners flock downtown Athens demanding pension increase
Pensioners flocked to downtown Athens on Tuesday to demand an increase in their pensions in order to cope with the rising cost of living. The crowd of demonstrators gathered at the Ministry of Labor on Stadiou Street on Tuesday morning and marched to the Prime Minister’s office, where they met …
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Free prescription medication for low-income Greek pensioners cut from Jan 1
More than 600,000 low-income pensioners in Greece will have to pay for their medication from 1. January 2021. The purchase of prescription medication without one’s participation was in effect when the poverty allowance (EKAS) was cut due to third bailout agreement. The provisional measure for prescription drugs free of charge …
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Booking Error: Thousands of pensioners to return €27mn to Greek state
Thousands of Greek pensioners have to return to state more than 27 million euros as they received more than they should. The issue affects 6,410 retired members of the Greek Armed Forces and 1,567 pensioners of the private sector social security fund EFKA. In December 2018, an additional amount of …
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“Elders Drain”: Greece’s pensioners migrate seeking affordable living
Stuck for years in the doldrums of the economic crisis Greece has seen not only its young generations leave the country. Now the country faces a new phenomenon: the elders drain. Elderly pensioners who suffer from taxes, price hikes and expensive utility bills and cannot afford a descent living in …
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Tsakalotos assures investors pensioners over 70 will start dying as of 2020 (video)
Finance Minister Euclid Tsakalotos ‘promised’ investors that Greek pensioners will be dead soon and that they will not have to worry about the sustainability of the pensions system. Addressing the 13th Greek Annual Road Show in London, Tsakalotos argued that pensioners who are over 70 years old now, will have …
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Greece’s pensioners protest further pension cuts of up to 18%
Hundreds of pensioners took to the streets of downtown Athens on Tuesday morning to protest the upcoming further cuts in their pensions. Pensioners from the private and public sector demand that the so-called Katrougalos law is not implemented, fearing that they will lose two to three month pensions in a …
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Pensioners march in downtown Athens protesting new cuts of 18%
Hundreds of pensioners marched in downtown Athens in one more protest against cuts in main and supplementary pensions during the austerity years. The protest was staged as the recalculation of pensions is imminent due to the so-called Katrougalos-Law of 2016. The pensioners from the private and public sector said that …
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Pensioners defy rain to protest cuts, as unions call on new anti-austerity rally May 18/2017
Hundreds of pensioners defied the rain and took to the streets to protest the new austerity package to be voted Thursday night at the Greek Parliament. With umbrellas and raincoats, they joined their voices to prevent more austerity measures threatening to put their survival at risk. Holding banners and chanting …
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Greeks paid €7bn more in taxes in 2016, as middle-classes vanish and poverty increases
Two out of ten Greeks paid 80% of the total income taxes last year. At the same time poverty increases: more than 340,000 households declared zero income for the tax year 2015. Data released on Thursday by the Independent Authority for Public Revenue (AADE) shows the stifling tax burden and …
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€3.6-billion austerity deal strikes double Greece’s pensioners
Greek finance minister Euclid Tsakalotos said it clearly on Friday during his press conference after the Eurogroup meeting “The measures will be unpleasant for the Greek people.” the additional austerity measures the Greek government agreed with creditors is a 1%+1% formula for the years 2019 and 2020, a total package …
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Pensioners march through Athens protesting further cuts
Thousands of pensioners marched through the streets of downtown Athens on Tuesday demanding a stop to further pension cuts. Representatives met with Deputy Minister in charge of Social Security and Retirement, Tasos Petropoulos. The meeting ended without the result protesters had hoped to achieve. The Minister merely confirmed that the …
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Turmoil as 20-25 MPs may have received the Christmas Bonus for low-pensioners
One more lawmaker of ruling SYRIZA admitted that he received the Christmas Bonus (13th pension) for low-pensioners although he receives a good and mostly tax-free salary from the Greek Parliament. Are these the only MPs? Hardly. Triantafyllos Mitafidis said on Friday that the mistake in granting the so-called once-off 13th …
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Brexit: UK pensioners may be forced to return due to healthcare coverage
Hundreds of thousands of elderly Britons living in Europe may be forced to return to the UK unless the government guarantees that their healthcare will continue to be reimbursed by the NHS, campaigners for British people settled in Spain and France have warned. The House of Commons Brexit select committee …
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As average earning at €400-€500, lenders, IMF want to tax also the poor
The International Monetary Fund want the annual tax free income for employees and pensioners to fall down to just 3,500 euro from currently 8.636 euros. This is reportedly one of the IMF’s conditions in order to participate in the Greek program. According to the front page of financial news newspaper …
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Low-Pensioners stand long queues for the Christmas Bonus
Greece’s low-pensioners have been waiting for the extra Christmas bonus announced by Prime Minister Alexis Tsipras for days. The magic, sparkling moment was set as December 22nd. The money started to flow into bank accounts already since Wednesday afternoon. Defying the icy-cold weather and Schaeuble’s objections, dozens of elderly rushed …
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Armageddon on its way to Greece with the “Updated Bailout Agreement”
Armageddon on the way to Greece! Measures that will crack down pensioners and debtors to the government and will affect wages and recruitment in the public sector are included in the so-called “updated bailout agreement” Greece’s creditors sent to the Finance Ministry on Sunday. According to daily Kathimerini that published …
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Thousands of pensioners protest cuts, burn Minister’s letters (picts, video)
More than five thousand pensioners flocked outside the Ministry of Labor in downtown Athens on Thursday morning to protest the dramatic cuts in main and supplementary pensions. “Come and live on 400 euro per month,” some protester said, other complained “They mock as with spoof letters.” Video: angry pensioners burn …
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Greek police fires teargas at elderly protesters (video, picts)
Greek police fired teargas at protesting pensioners when the few hundreds to elderly men and women attempted to break the police cordon and walk towards the office of the Prime Minister. some pensioners commented “Thanks for the treat!” via @MakisSinodinos Pensioners from several sectors had come to downtown Athens in …
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