Social security fund missing out on revenues

Revenues so far for EFKA, the unified social security fund covering all insured Greek employees, including self-employed professionals, have been disappointing and the next few months until the end of year will be crucial to its financial health.

According to sources, the fund is showing a surplus of 103.4 million euros, well below the end-year target of 245 million. Most alarming is the fact that, despite considerable discounts offered, applications of debtors to the fund for a settlement in up to 120 monthly installments have so far been disappointing.

By August 28, almost 103,000 online applications for debt settlement had been approved, involving arrears of almost 1.6 billion euros. A total of 112.6 million had already been paid.

Despite the fact that the measure targets self-employed, freelancers and farmers - salaried employees' social security...