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Athens News Agency: News in English, 07-03-04

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Minister announces draft laws on pension funds

  • [01] Minister announces draft laws on pension funds

    Labour and Social Insurances Minister Savvas Tsitouridis announced during the weekend that the government will proceed with several legislative initiatives before the summer to codify the guidelines governing the management of state-run pension funds' assets.

    Tsitouridis made the comment from Thessaloniki following his meeting with the board of the city's bar association.

    His statement comes after a firestorm of opposition criticism this past week regarding transactions and the investment of funds by the brokerage firm Akropolis for its biggest client, the civil servants' auxiliary pension fund.

    "The problem that arose obviously makes it clear that we need to rapidly to move in this direction," he said, adding that a report by the Capital Markets Commission focusing on the brokerage firm in question will be released on Monday.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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