02/03/17

[Maik]

A black hole emerges over new social security fund’s first months

The revenues of the new Single Social Security Entity (EFKA) are showing signs of a black hole from the outset, and the Labor Ministry and the fund’s management are in a battle against time to collect at least 50 percent of the amount due by March 17, the new deadline granted for the payment of January contributions by freelance workers, farmers and the self-employed. Contributions from salary workers have beaten expectations.

http://www.ekathimerini.com/216536/article/ekathimerini/business/a-black-hole-emerges-over-new-social-security-funds-first-months

Νew unified social security fund shows surplus during first month of operation

The new single administrative and financial organization for social security in Greece, known under the Greek-language acronym of EFKA, reported a primary surplus of 35 million euros in January 2017, its first month of operation.

According to figures and estimates supplied by the labor ministry, the umbrella pension entity recorded revenues, on a cash basis, of 3.163 billion euros, whereas expenditures reached 3.128 billion euros.

Labor ministry officials appeared satisfied with the figures during the fund's inaugural month of operation.

http://www.naftemporiki.gr/story/1210316/new-unified-social-security-fund-shows-surplus-during-first-month-of-operation

[Maik]

What is Article 50? The only explanation you need to read

http://www.telegraph.co.uk/news/0/what-is-article-50-the-only-explanation-you-need-to-read/