The first meeting of the boards of both institutions to discuss the details of creating the largest Greek bank and the insurance giant will take place on Thursday.
They cost the insurance funds 500 million euro per year. In the majority of cases, the fraudsters are relatives of insured persons and they have "forgotten" to declare the death of the pensioners and continued receiving their pensions.
Angela Merkel's visit to Athens through the eyes of two journalists. The first one covered the formal meetings for his media and the other one followed the protests in Syntagma Square.
Finance Minister Yiannis Stournaras stated that the country would most probably receive the money through a political decision. The opposition SYRIZA is adamant that European policies will only worsen the state of the local economy.
The common problem specified by the businessmen was the lack of liquidity in the market and the need for the aid tranche of 31.5 billion euro to be paid as soon as possible.