Equities

Reuters exclusively reports Greece plans to sell off pension arrears to get cash upfront

Reuters exclusively reports Greece plans to sell off pension arrears to get cash upfront

Reuters exclusively reported that Greece plans to sell billions of euros of social security contributions owed to its pension fund to private investors to get cash upfront and facilitate recovering other receivables. The country’s conservative government, which took over in July, is keen to boost investment inflows and fix major issues affecting economic recovery prospects, including bad loans plaguing the banking sector.