Money

Greece, EU to talk about bad loans

Talks between the government and the European Commission's Directorate-General for Competition about banks' bad loans will begin next week.
The Greek proposal involves creating an asset protection vehicle where 16 billion euros' worth of bad loans will be transferred and guaranteed by the state.

Work underway to offer access to social security records

All employees will eventually be able to access their social security records online through a system called ATLAS or through the usual TXI system.

At present, only partial records can be found, including those insured with the IKA and OAEE pension funds since 1994 and farmers insured since 1998.

Social security fund settlement scheme installments to shrink

The tens of thousands of social security fund debtors whose applications to settle their debts were approved will see their monthly installments declining from September as an interest rate reduction from 5 percent to 3 percent annually comes into force.
Both individuals and companies can repay their debts in up to 120 monthly installments.

What's the Best Way to Transfer Large Sums of Money Internationally?

Sending large amounts of money across the border can be a bit of a headache due to a lot of things, such as service charges or fees. But, because of the variety of financial systems that are sprouting everywhere, especially on the internet, finding the best way to transfer your money can be a bit challenging.

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