Tax & Spend
Greece to Give One-Time Pension Allowance of Around €300 Million
Pensioners shout slogans during a demonstration in central Athens, on February 14, 2023, demanding an increase in pension payments to cope with soaring inflation and energy costs.
Photographer: Angelos Tzortzinis/AFP/Getty Images
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Greece will disburse a one-time allowance to pensioners that is expected to cost around €300 million ($322.8 million), Prime Minister Kyriakos Mitsotakis said Tuesday.
The allowance will be given “taking into account fiscal ability,” Mitsotakis told reporters in Kozani, northern Greece.