General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
ATHENS – With a growing population of elderly,, exodus of the young looking for work in other countries and companies ducking paying social security taxes, Greece’s sinking pension system is facing big trouble in sustaining itself and is expected to have a deficit reaching 37.3 billion euros ($43.17 billion) in the next few years.
Those were among the findings of a study by Panteion University Professor Savas Robolis and PhD student Vassilis Betsis that showed the combination of whammies hitting the system, with fewer people paying into it and more taking out of it, said Kathimerini.
The aging population will incur a cost of about 1.3 billion euros ($1.5 billion), starting in 2017 up to 2057, or the equivalent reduction in benefits to the insured and pensioners.
The researchers found that even increasing the retirement age, part of conditions demanded by international creditors in return for three bailouts of 326 billion euros ($377.33 billion) hasn’t been enough to offset other factors and while the standard will be 65 years old by 2022, the European Commission said it should be 71 by the year 2060.
The increase in the retirement age will increase the workforce, especially of women, and the aging of the labor market but lead to a reduction in the number of young workers due to reduced fertility and because they, too, will have to work more years, cutting into productivity it was said.
the fact that people will be working longer.
The researchers point out while Greece aims for annual growth of 2 percent, the negative impact of aging will mean that growth of 4 percent will actually be necessary.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
DEIR AL-BALAH, Gaza (AP) — An international team of doctors visiting a hospital in central Gaza was prepared for the worst.
ATHENS - The tragedy of the Tempi train collision is a much greater issue than an opportunity for parties to table a motion of censure against the government, but the opposition parties used it anyway "to turn society's pain into a tool to strike at the government and me personally," Prime Minister Kyriakos Mitsotakis said on Thursday night in parliament.
ATHENS - PASOK-KINAL leader Nikos Androulakis, speaking at the Hellenic Parliament on Thursday, emphasized that there is "an established belief among the Greek people" that the government "operates as a well-oiled machine of corruption, cover-up, and propaganda.
ATHENS — Greece’s center-right government survived a motion of no-confidence late Thursday that was brought by opposition parties over its handling of the country’s deadliest rail disaster a year ago.
ASTORIA – Greek Minister of the Interior Niki Kerameus offered an informative presentation on postal voting in the upcoming European Union elections for Greek citizens in a well-attended event held at the St.