Greece on the defensive

clock

GREECE -The government defended the nation's public pension funds performance against allegations of early bond liquidation to cover current liabilities.

Labour minister Savvas Tsitouridis refuted the claims, and said the state was obliged to guarantee the funding of public pension funds. Another government spokesman declared pension fund reserv...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Greece

S&P cuts Greek credit rating

GREECE - Standard & Poor's has slashed Greece's long term credit rating from B to CCC, amid fears private sector debt proposals will amount to a default.

clock 04 July 2011 •

Greece says 'yes' to austerity package

GREECE - The Greek parliament has narrowly voted to approve a drastic austerity package despite facing widespread opposition.

clock 29 June 2011 •

Greece to sell bills as two-year yield tops 20%

GREECE - Greece plans to sell €1.25bn ($1.78bn) of 13-week Treasury bills today as growing speculation the country will need to restructure its debt pushed bond yields to euro-era records.

Maria Petrakis and Natalie Weeks at Bloomberg News
clock 19 April 2011 •
Trustpilot