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Athens Macedonian News Agency: News in English, 15-07-01

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Payment of pensions carried out smoothly, Hellenic Bank Association president says
  • [02] Social Insurance sec' general: Acute liquidity problem

  • [01] Payment of pensions carried out smoothly, Hellenic Bank Association president says

    ANA/MPA---"The payment of pensions in all open bank branches is carried out smoothly," the president of Hellenic Bank Association Louka Katseli on Wednesday said in statements to ANA-MPA.

    "In the few branches of Attica and Thessaloniki with massive turnout, the problem has been addressed satisfactorily while several branches will operate until 19.00. If necessary, the banks are ready to open additional branches," Katseli added.

    [02] Social Insurance sec' general: Acute liquidity problem

    ANA/MPA---"There is an intense cash flow problem and this leads to restrictions on withdrawals and the queues outside the banks. It means that there is not enough money in the banks and for this reason we closely monitor transactions. We hope that within the next week the normality will return, said Social Insurance secretary general Giorgos Romanias on Wednesday to private radio VIMA FM.

    Asked on social security funds' liquidity, Romanias noted "There are 6 billion euros in the common capital of the Bank of Greece. The Common Capital exists to faciliate the social security funds to pay their pensions. This system did not operate these days. Irregularities of the past emerge today, at some point they must stop. The Bank of Greece can't invest this money and to not be able to give to the funds their money. It is an irregularity that continues for many years and the Bank of Greece profiteers on the funds' money and when the funds need the money can't use them. They have money and they can't use it.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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