Thursday, April 30, 2015

Greece struggles to make payments to more than 2m pensioners

by Kerin Hope

Financial Times

April 30, 2015

The Greek government was struggling on Thursday to complete payments to more than 2m pensioners after claiming that a “technical hitch” had delayed an earlier disbursement.

Elderly Athenians waited at branches of the National Bank of Greece, the state-controlled lender handling the bulk of pension payments, which are staggered over several days.

“Normally I only withdraw half the money at the end of the month, but today I’m taking it all,” said Sotiria Zlatini, 75, a former civil servant. “There are so many rumours going round because of the government’s problems and what happened two days ago.”

The leftwing Syriza-led government scrambled to pay pensions and public sector salaries in February and March after failing to reach agreement with international lenders on unlocking €7.2bn of bailout aid.


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