Tagged: Katrougalos

498 Euros salaries are asked from Greece

The International Committee of experts suggests scheduled reductions, as well as flexible contracts, the so-called “zero hour contracts”, with an allowance from the State as an alternative solution instead of collective redundancies in case a business faces an economic difficulty. For the same reason further salary reductions are requested in the following cases: 1. Young […]

Social Insurance Minister says will seek to ‘isolate’ IMF

With Greece hoping for the release of 2.8 billion euros in loans following the approval in Parliament of new austerity measures, Labor and Social Insurance Minister Giorgos Katrougalos said on Thursday that he aimed to “isolate” the International Monetary Fund and its tough views on pensions and labor relations. “Our aim is to isolate and […]

Insurance funds “sink” despite pensions’ cuts

A series of cuts in three categories of beneficiaries are expected in pensions, that will start being paid on Thursday. The three categories are the beneficiaries of ancillary pensions who are included in the third reductions package, the divident beneficiaries and the double pensioners, due to withholdings increase over EOPYY. The return of recursions as […]

“No cuts when sum of pensions is under €1,300”

The Minister of Labor Giorgos Katrougalos clarified that the recalculation of pensions is based on pensionable earnings, adding that no supplementary pensions will be reduced when the sum of the main and supplementary pensions is under 1,300 euros. In an interview on Ant1, the Labor Minister stressed that if any cuts have been carried out […]

Rumors of creditor objections on insurance contributions disputed

The Ministry of Labor has issued a statement dismissing media reports on objections raised by the country’s creditors over the government proposal to “freeze” insurance contributions. According to the official statement the government proposal will ensure universal and more efficient protection, while restructuring private debts towards the insurance funds. The negotiations with the institutions quartet, […]

First meeting with Troika on labour matters

Labour Minister George Katrougalos will hold a preliminary meeting with the Troika, Wednesday, to discuss the pending matters for reform in the Greek labour market. The agenda of talks will include among other things the thorny issues of massive lay-offs in the private sector, the reintroduction of collective bargaining and determining a mechanism for the […]

“Pensioners will see raises from growth”

The Minister of Labor Giorgos Katrougalos argued that pensioners not experience any cuts of their main pensions and underlined that there will be pension raises from growth. In his interview for the Kokkiko radio station, the Minister stressed that the ongoing talks on labor matters are not related to the 15 prior actions necessary for […]

Katrougalos: Pensioners will see raises from growth

The Minister of Labor Giorgos Katrougalos argued that pensioners not experience any cuts of their main pensions and underlined that there will be pension raises from growth. In his interview for the Kokkiko radio station, the Minister stressed that the ongoing talks on labor matters are not related to the 15 prior actions necessary for […]

Katrougalos: The new pensions will clear the poverty line

The Minister of Labor and Social Solidarity Giorgos Katrougalos has argued that the new pensions, of about 384 euros, correspond to the poverty line set by the European Union, which is 60% of the average wage. According to the Minister though, who spoke to Skai on Wednesday morning, the final sum paid out will be […]

Talks underway to create ‘common front’ ahead of negotiations with creditors over labor reforms

Deliberations are ongoing to establish a “common front” by the Greek side – government, labor unions and employers’ groups – ahead of negotiations with institutional creditors over closely watched labor reforms demanded by the latter. The relevant minister, Giorgos Katrougalos, will chair a meeting on Tuesday bringing together all the “Greek sides”, while another “parallel […]

Katrougalos says gov’t will not yield to IMF calls for labor reforms

Labor Minister Giorgos Katrougalos indicated on Wednesday that the government will not yield to pressure Greece’s creditors, in particular the International Monetary Fund, to further relax labor rights. “The IMF will be isolated and it will lose,” Katrougalos said. He added that the government would also not cut civil servants’ salaries any further, claiming that […]

No agreement reached in meeting between minister, media representatives

A meeting between Labor Minister Giorgos Katrougalos and media owners and workers on Tuesday to discuss the fate of the social security fund of journalists and management staff employed in the daily press, television and radio (EDOEAP) failed to reach an agreement. The meeting followed two back-to-back 48-hour work stoppages by journalists last week, who […]

Labour Minister accepts pension cuts and blames IMF

The meeting between Labour Minister Giorgos Katrougalos and Euclid Tsakalotos and the representatives of the institutions was concluded without reaching an agreement, while the Labor Minister is trying to have some of its counter-proposals accepted. Commenting on the lenders’ stance, Mr. Katrougalos said: “If it was not the issue of supplementary pensions, we would have […]

Quartet-Katrougalos meeting in progress

The meeting between Greece’s creditors (Quartet) and the country’s Labour Minister George Katrougalos is in progress in Athens, Thursday, in an effort to reach a deal on matters of reforms in the social security system. According to sources in the Greek Ministry, the two sides are close to agreeing on the rate of a national […]

Dep. Minister: Creditors mostly agree with 384€ monthly ‘natl pension’

The relevant Greek deputy minister on Thursday said creditors have accepted a government proposal to fix a minimum “national pension” rate at 384 euros per month. Deputy Labor Minister Tassos Petropoulos, in statements to the local TV broadcaster Mega, said only “certain objections” remain to the plan by the IMF. He underlined, however, that talks […]

Katrougalos: Cuts in pensions over 1,300 Euros

The Greek Minister for Labour, Social Insurance and Social Solidarity, George Katrougalos pensioners receiving an aggregate of up to 1,300 from their main and ancillary pensions would not be affected by the cuts in pensions under consideration with Greece’s lenders in Athens. It seems Katrougalos is backtracking from previous statements regarding the governments ‘red lines’ […]

Institutions to meet with Labour Minister at 18:30

The heads of institutions that are currently in Athens to restart the negotiation on the completion of the review of the Greek programme will, according to information, meet on Wednesday at 18:30 with Labour Minister George Katrougalos to discuss the changes in the pension system. The same sources said that the government will set as […]

Government considers ‘special contribution’ for high pensions

Although the Minister of Labor and Social Insurance Giorgos Katrougalos has vehemently denied the possibility of main pension cuts, a report in Ta Nea suggests that a special ‘contribution’ for current pensions is considered. According to the newspaper report, the Ministry is considering introducing a special contribution that will affect retirees who receive a pension […]

Labour minister presents ‘improved’ proposals on pension contributions of self-employed

Labour, Social Insurance and Social Solidarity Minister George Katrougalos presented a new and improved set of proposals for the social insurance contributions of freelance professional associations, who had declined to attend a meeting arranged late last week, in a press conference on Monday. Presenting the changes, the minister noted that the draft law had included […]