Following the meeting with the Fund directors

Immediate activation of audit and collection mechanisms - The ministry’s line in the negotiation with Troika
 
Labour Minister Yiannis Vroutsis conveyed a sense of optimism after the morning meeting with the directors of Funds, whom he urged to immediately implement measures for activation of audit and enforcement procedures contained in the proposed insurance bill.
 
'We focus on combating delinquency. We must all stand up to the challenge. The Funds cannot give pensions without control. The bill that will be filed this evening in parliament will complete the tidying of the Funds,’ the Labour Minister said.
 
The Labor Ministry is preparing for the negotiation with Troika which must be convinced that the fight against evasion and payment of arrears by the Funds will be able to raise 500 million euros to cover the fiscal gap.
 
'The negotiation is open. Why should the Troika argue since all targets are quantified? We must make it. If everyone goes along we will not have painful interventions in pensions. Primary pensions or the lump sum in the private sector will not be affected,’ ministry circles say.
 
IKA director Rovertos Spyropoulos appeared to agree and said that every month IKA is anxious to raise money but eventually does pay its pensions. 'Main pensions will not be affected, there will be no interference,’ Spyropoulos said.
 

However, Greece’s lenders have asked to study the list of measures and the quantification of their performance in order to decide whether to give a little extension time until April. If the performance is not satisfactory, Troika will require interventions in the insurance bill.