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Sunday, 24 November 2024
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Athens News Agency: News in English, 05-06-29Athens News Agency: News in English Directory - Previous Article - Next ArticleFrom: The Athens News Agency at <http://www.ana.gr/>CONTENTS
[01] Capital market bill ratified in principleThe capital market bill, which also includes arrangements for bank employees' pensions and voluntary retirement for the employees of the Hellenic Telecommunications Organisation (OTE), was ratified in principle on Wednesday.In reference to pension reform in the banking sector, Labour and Social Protection Minister Panos Panagiotopoulos said that it was necessary due to the rapid changes under way in the international banking system, such as growing competition and the introduction of accounting standards. The reform was also necessary since the government wanted to safeguard employees' pension rights, the smooth pay-out of benefits and jobs in the state-run Agrotiki and Emporiki banks, among other reasons, he said. Regarding OTE's voluntary retirement scheme, Panagiotopoulos said that it will contribute to the organisation's restructuring and modernisation. The debate in parliament will continue on Wednesday evening, during which time it will focus on the capital market segment of the bill. On Thursday, pension reform in the banking sector and OTE's voluntary retirement scheme will be voted on in essence. Athens News Agency: News in English Directory - Previous Article - Next Article |
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