Friday, May 1, 2015

Greece Struggles to Make Pension Payments

The Greek government was struggling on Thursday to complete payments to more than 2 million 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 rumors going round because of the government’s problems and what happened two days ago.”

CNBC

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