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Friday, October 9, 2015

Hidden €8 Bln Deficit in Security Funds Threatens to Blow Greek State Budget

A hidden deficit of 8 billion euros is threatening to blow Greece’s social security funds as more than 300,000 retirees have their pension applications pending. Furthermore, the deficit may throw off the 2016 state budget, as the total expenditure for new pensioners in 2016 is estimated at 4 billion euros. The waiting period for issuing


READ THE ORIGINAL POST AT greece.greekreporter.com