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Tuesday, August 25, 2015

Greek Social Security Funds Take Loans to Meet Obligations

While the third Greek bailout is now law of the land in Greece, the country’s social security funds seem to be struggling to stay afloat. Greece’s Social Security Institute (IKA) had made a request for a 180-million-euro loan to the Generational Solidarity Insurance Fund (AKAGE). In August, IKA received a 110-million-euro loan. 70 million will be used by IKA’s Social


READ THE ORIGINAL POST AT greece.greekreporter.com